RE:RE:RE:Call me a pessimist if you wantkha341 wrote: Clipper2 wrote: I rarely disagree with what you have to say but your post came as a surprise.
Clipper,
1) What, in your opinion, would make the sp go up to around C$1.20 in the near term?
2) Even without reading the report, do you think that a “friendly”analyst maintaining a one-year price target of C$1.40 is a good thing? You may not pay much attention to them but analysts price targets / recommendations are part of the investment due diligence process of institutional investors
Obviously these are uncertain times to be making any predictions, but let me just say in answering your question that I believe Largo has more positives than negatives and I recently listed all the positives. Regarding analysts, while it they are (to some investors) a bit part of DD there are many who believe they are not that accurate in their forecast, don't have all the answers and are not the bee's knees answer to investing. Having said that I hope we can agree to disagree on how Largo will perform for the rest of the year.
GL
The following is a clip from the "Financial Post".
Equity price targets can be valuable forecasts rightfully sought after by investors, but the ability of analysts to predict future stock values accurately and consistently over time remains questionable and should warrant some caution.
“Price targets are useful for me as they provide colour about the way an analyst looks at a stock as opposed to as an absolute,” said Greg Newman, a senior wealth advisor at The Newman Group, a ScotiaMcLeod subsidiary in Toronto.
“However, I think investors who use them to the last detail — as in when to sell or not sell — are doing themselves a disservice.”
Researchers at the University of Waterloo and Boston College said the credibility and usefulness of target prices has long been dubious, with media and investment managers frequently labelling target prices “as merely sales hype.”