GREY:XEBEQ - Post by User
Post by
tamaracktopon Mar 31, 2022 8:59am
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Post# 34562315
Aaron MacNeil
Aaron MacNeilI don't know how anyone could make seripous investment decisions based on TD's research on Xebec anymore.
Particularly after his botched call exactly 15 months ago, less than 2 weeks before the high.
He's still smarting from that.
More like dumbing.
Xebec had closed at $7.99 the day before Aaron's report came out.
Remember his investment conclusions on December 31, 2020:
"Although a presumption of future growth is reflected in Xebec’s forward-year valuation multiples, we believe that our NAV calculation better reflects the intrinsic value and implies a much higher valuation. As a result, we are resuming coverage on Xebec Adsorption Inc. (XBC-V) with a BUY rating and $12.50 target price."
It's TD that should be in the penalty box, not Xebec.
When Xebec shares rally substantially from here, if anyone had bought and then sold a sizable position based on TD's research, I imagine TD might be vulnerable to litigation.