RE:CIX... Target change Thanks for sharing Zack
Those target prices do not reflect the HUGE aquisitions CI made over the last year or so and the synergies in costs to be saved from the almagnamation. It takes over 1 year to see those earnings to filter through CI's bottom line. It is not a simple next qtr results and bingo we are there. Lots of work required once a buyout happens.
Those sp targets set by the analysts are too low imo. The analysts are too conservative in their price targets. I say we hit between $23 to $25 end of this year and then $30 plus by end of next year.
I have owned this company for over 20 years since Bill Holland was the CEO. I always loved the way he managed this company and am glad he is still on the board here. He was always a shareholder friendly guy and believed in giving back. He has bought heavily over the last few months along with a few other insiders. They know the share price is undervalued. Follow the money!!
The dividends offer a good 4.05 percent yield right now and my guess is the dividends will continue to increase with this cash flow machine. I encourage everyone to be sure to set up a dividend re investment plan (DRIP) so that your dividends automatically get rolled over into new shares. It makes a huge difference to your wealth at the end of the day. Free shares people!! Been doing this for a long time.
CI reports earnings on Thursday for those who are not aware.
Good luck everyone!
Ron