RE:RE:tough to be a shareholderAgreed bk the market is always right, so why then would anyone expect the SP to be higher before the sales and net margins are there to justify that higher SP level? The rest of the sector are all below 50% of their 52wk highs?
FIRE, like the rest, need to deliver the sales and the net margins if they expect to see their SP north from here and or survive, ACB is a good example of what it is going to take for any and all to survive going forward, we could see it below $1 soon.
FIRE is positioned better than most from here on current guidance alone and appears to be first to show real and sustainable profit, not only that but while they are still building out with ~50-70% yet to complete. SP levels reflect today and are a steal for buyers other than that they are immaterial, except for TFSA contributions, JMHO...Opt
brentkosta wrote: maritimedreamer wrote: as of late! More 52week lows.....volume is high........ Come on Supreme..... pull yourself together.......
If the market believed in Navs 150-180 mil guidance this wouldnt be in the 40s. It really is shameful that people have lost it all It goes to show you, the stock market doesnt hold any logic. Even with the mistakes theyve made in the past, this shouldnt be this low.
If they post $30+ mil this quarter then they are on their way to the guidance and you can justify $1/share IMO. If they do $ less than $20 mil then the market will punish them further. There is a bbig disconnect between the company and the valuation. At the end of the day though, the market is never wrong.