GREY:XEBEQ - Post by User
Comment by
tamaracktopon Jan 14, 2021 8:22pm
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Post# 32303238
RE:Interesting Opportunity
RE:Interesting Opportunity tamaracktop wrote: Ballard's market cap is up $794 million on the day right now, on a sympathy move with the group inspired by the news from Plug. There is no news on Ballard. An equivalent move in Xebec would equate to $5.23 per Xebec share, using the outstanding share number from the TD report. ( 151.7 million ).
I can make a very good case that Xebec is more worthy of a revaluation of market cap of that magnitude than is Ballard.The obvious question is why is Xebec not participating in this sympathy rally to the extent Ballard is. The answer is that it will. Notice how light the volume is? There are some blocks coming . Blocks that will clear out some apparent supply around $10.25.
Once the market takes out this invisible supply, Xebec will be good to go. This disequilibrium can't last, and it won't. The market is presenting an opportunity here. I find it odd that as yet it's going unrecognized. It shouldn't be long until it is.
Posted by me January 7th at 10am. A reevaluation of the kind I mentioned in that post would result in a Xebec stock price of $15.48. I can see that happening quite quickly.
For 2 years now I've suggested that eventually Xebec and Ballard's market caps would "cross". I've suggested that rather that Xebec rising to Ballard's cap, or Ballard dropping to Xebec's, the two would meet somewhere in the middle.
They converged by $812 million today.
We can expect more convergence.