RE:RE:RE:RE:RE:RE:ALA vs. BLXbossu wrote: «Boralex is the company in a hotter sector that will see wider swings in its share price based on the market exuberance.»
This is exactly what I'm thinking about !
Seeing the share price erosion from $ 56 to $36 in 3 months i decided to take a position at $ 36 because Boralex is an attractive investment and to be considered as a long term investment.
For me, it was just for a ''swing ''but experiencing a downward share price to $ 34 is not what I was expecting and just asking to my self» where is the bottom »
So the today's upward swing is a relief but a $ 40 $ target is what I'm looking for.
Finally comparing ALA to BLX is a pure ''non sense'' consideration !
Bossu, if you bought BLX at $36 that was the smartest thing you've ever done. Also, if you're only expecting BLX to go to $40 you will be selling it much too early. Scotia's target price for BLX is $55 and Raymond James has a $60 target for the stock.