Analysts CoverageHaywood's analyst appears to be the only one putting out a target price of $16.00 for the stock. Just so people understand, they are your so-called "Sell-side" firm that underwrote an offering to their accredited clients at $9.50.
I am not equating RECO with Sino-Forest, the largest fraud perpetuated on the TSE and ended up with a $2 billion class action settlement. It was for nothing as the the Co filed for bankruptcy and the principals were out of the long arm of the law enjoying their money in China.
"...Richard Kelertas of Dundee was one of the only people on Bay Street who dared to come to the defence of Sino-Forest Corp., after Muddy Waters founder Carson Block accused it of fraud. Mr. Kelertas made headlines with his spirited attack on the short-selling firm...
Sino-Forest shares were eventually cease-traded by the Ontario Securities Commission, which accused company insiders of committing acts that they “know or reasonably ought to know perpetuate a fraud.” (globe and Mail article cited)