GREY:XEBEQ - Post by User
Comment by
ZouZS3on Mar 12, 2021 10:47pm
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Post# 32791751
RE:Beacon Securities Update
RE:Beacon Securities Update
Revisions for sure will put Xebec in the penalty box for sometime however we remain FOCUSED on the long-term prospects of the company that are driven MAINLY by HYDROGEN. We see the pull back in shares as a buying opportunity. We pushed the RESET BUTTON . Revising RNG revenue by 40%, REMOVING ANY ACQUISITIONS in the Service segment as well as REDUCING the organic GROWTH RATE, factoring in Inmatec at VIRTUALLY ZERO GROWTH and resetting our margin expectations as well. Recognizing that investors will have TRUST ISSUES and XBC shares will be IN the PENALTY BOX. Our new target price of $7.50represents a VERY CONSERVATIVE view on XBCs outlook with SIGNIFICANT room for upward revisions as we get more clarity with FY21E guidance.