OTCPK:TMBMF - Post by User
Comment by
Alphaseeker1984on May 11, 2017 6:12pm
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Post# 26234080
RE:RBC's take - "Great quarter and more to come"
RE:RBC's take - "Great quarter and more to come"dosperros - TD and RBC both are projecting significant EBITDA growth and both note the value gap between TMB's industry peers valuation. Sooner or later the stock is going to break out of this pattern between 2.80 and 3.00. Not sure what to make of the daily trading in TMB. I do not believe it is a fund exiting as the signs are clear that TMB is on the verge of unlocking significant value. On the other hand it could be a fund is accumulating and has a few brokerages keeping a lid on the stock while the fund buys up the shares of frustrated shareholders throwing in the towel.
Looking back to late January when the stock hit this range until now there has been a total of approximately 9.5mm shares which have changed hands. That's 9.5% of the available float which have traded in the 2.80 to 3.00 range. As 65% of the float is controlled by 4 institutionals the 9.5% represents a rollover of more than 30% of the available float. So either someone wants to put a lid on the stock or a significant rollover of the remaining shareholder base is taking place. This cannot continue indefinitely, 3-6 more months of the volumes we saw over the last 3 months will mean the entire available float will have changed hands. I doubt very much that is just the market makers bouncing shares around. Something will give soon enough.