OTCPK:TFCCF - Post by User
Comment by
Methodon Sep 01, 2019 2:31pm
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Post# 30087363
RE:Give this company 9 months
RE:Give this company 9 monthsThesweetheart wrote:
and you will be bought out at 75-80!
That seems low. Don’t forget book is $0.91 and will probably be closer to $1.00 in a year.
I heard the CEO say at the AGM that they could sell it for $1/share but they are trying to build a much bigger business. Perhaps, if it keeps trading at such a big discount to book, the BOD will get frustrated and sell the business. Meanwhile, I hope they keep growing and buying back stock.
The key drivers are ROE and book value. We need the former to get firmly over 10% for us to trade at a premium to book. Everything else is just noise and the price being back in the 0.50s is an opportunity.