GREY:XEBEQ - Post by User
Post by
StockGuru2021on Mar 27, 2021 10:18am
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Post# 32892613
Just bought XBC yesterday, this is heading much higher
Just bought XBC yesterday, this is heading much higher I believe XBC is significantly undervalued at this point. With $168 million in cash, 2021 revenues projected to be between $110 -130 million, and major poltical tailwinds with both Trudeau and Biden pushing out many green energy initiatives this year, we're looking at a huge winner in XBC.
It's only a matter of time before this sector gets hot again. The market is forward looking and will quickly forget their Q4 disaster. Q1 earnings are coming up in less than 2 months, so there will likely be a run-up to earnings in anticipation of a much improved quarter.
Analysts are reactive and always behind the curve, by the time they upgrade their price targets, this will already be making new highs. I'm expecting the share price to reach double digits again by the end of this year.