GREY:XEBEQ - Post by User
Comment by
tony08on May 17, 2022 2:57pm
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Post# 34689968
RE:RE:Worse than sad
RE:RE:Worse than sadKipperly wrote: Your posts to this site have been some of the best so hope you can hang in there and continue to post. I've bought way too much of this stock but still have hope that in a few years the market will see it as worth way more than a buck. BMO commented that if they can provide solid execution it has the potential for $4. The markets are screwed up right now with inflation, war and supply chain issues but it will get better. All companies that manufacture are facing the same issue. I don't believe mgmt would act to destroy the company or drive down the stock price. They answer to the board and there are also security regulations to consider, Its unlikley there is more going on than just a bad market for renewable stocks and maybe some bad decisions. I'm not an expert in the renewable industry, thats where I count on the mgmt of xbc to steer the ship in the right direction.
Anyone you advised to buy this stock was also likely considering analyst recommendations who even recently were suggesting a buy at a much higher stock price. I've been mostly considering the advice of 5i and BMO, but both missed the mark on the effect of legecy and inflation. I just hope that the margins can be reported as improving in the next quarter report, and that will provide a boost to the share price.
I don't think as soon as next quarter margins will be very much improve because the $143M contract revenues still wont be accounted for in Q2 results contrary to the legacy contract that will still make their weight felt