GREY:XEBEQ - Post by User
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Resilience19on May 13, 2022 11:45am
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Post# 34681740
ATH of $11.55ish of 18 Jan '21
ATH of $11.55ish of 18 Jan '21It's mindboggling to think that in 16 months XBC has dropped 90% from it's 18 Jan '21 ATH of $11.55ish. However, it's an even more impressive feat that it was able to drive from current levels to that ATH in a 23 month period (roughly Feb '19 to 18 Jan '21) - during which time it was hit head-on by the pandemic.
Granted, the slope is steep, to get back up there, but it's been done before and can certainly happen again. XBC is now a significantly different business than it was in 2019. In the meantime it's made it share of mistakes and took on a mouthful of acquisitions, which it still needs to digest BUT, irrespective of short term challenges, it's in a breadth of promising niches (RNG, hydrogen, carbon capture) and associated services, in the right markets (EU, US) at the right time.
It's a significantly larger ship to manouvre than it was 3 years ago but it's on the right course. When it does start delivering no one will be surprised about it reaching and blasting through its ATH.
This said, am I just now ready to move nack in? I'm close to it but not quite there yet - feeling the knife is still falling alongside other uncertainties. As such, I'll wait it out another quarter - especially given upcoming summer doldrums - and revisit late-summer.
My two cents.