RE:RE:RE:RE:RE:RE:Not goin to see $91condor wrote: If there has been one thing I have learned over the years is that the market most often will suprise investors to the downside. I hear so many on here saying...7, 8 or 9 is never going to happen....but why not? The trend on AQN is still down on heavy volume...every uptick is being met with selling...does this look like a stock that is going to reverse its trend soon? If you have been in the market for any length of time you know that shorts can be relentless and I expect them to pick away at AQN for a while yet. On a positive note there will be opportunity here (for me its a trade) but patience will be required. Not a holder at this time.
AQN is pretty cheap at this level. Bottom is always hard to call or tell.
If you look at the value of the transactions for the kind of assets they own, I believe they could sell everything for around $20 (CAD) net per share. I don't think they are going to sell the company or the assets though, but when the wind settles down and they get cashflow and earnings back up again, I think this will move quickly back up.
There's nothing inherently wrong with the business, and I think sellers are just looking at websites that provide unadjusted figures for earnings and payouts (so the payout on these sites is at 300%+) mostly due from the lower share price of Atlantica in which they're invested.