RE:RE:Eight Capital: Buy rating and C$0.30 target for Martellocanyousayiii wrote: You don't typically maintain a "buy" rating when in a jiffy you shave off 25% of the target. Yes, it is a double from here, but given the track record against these targets and now the significant unexpected change in trajectory, I as an analyst would think that this is not a great foundation for me to make the sales pitch to investors. They didn't believe the sales pitch before, I now you think that after shaving a quarter of the target it will become more attractive? A good example how one can be blinded by the numbers in an era where such numbers do not dictate prices for microcaps. Our fortunes lie in Matthews' hands...if he is still impressed by the CEO, it will be a long road for not great returns. If he starts getting concerned, then we would hope for some management shakeup, including the board since the things are not going so great to keep so many well paid directors for the company size and performance.
....somebody over there should check the lunchroom fridge.