TSX:TNT.UN - Post by User
Post by
BlueJay2020on Nov 29, 2023 10:24am
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Post# 35758489
Route to $2.50
Route to $2.50There are a number of factors which I think make $2.50 very achievable in 2024. In no particular order:
1) Tax loss sellers coming back in the New Year to reestablish a position.
2) EPS improvements coming from share buybacks
3) Multiple expansion resulting from reduction or perception of reduction in interest rates (I think this could be very significant)
4) The multiplying effect of 3) and 4) which many retail investors don't include in their thinking
5) M&A activity (and if there is, we are looking at higher than $2.50)