My thoughtsThis stock has unbelievable volatility for a company with such great fundamentals. What on earth causes people to sell this stock after it has dropped over 20% from it's justified recent 52 week high? What causes people to sell a stock with such an impressive growth profile & great balance sheet when the multiple is only 19? I'm sure a lot of it is stop losses & amatuer chartist...add many traders, a dash of ignorance & 1/2 cup of fear. Congrats to those who bought more on the drop today....I am confident you will be rewarded as I have been in the past. I was out on the road all day & I am fully weighted anyways.
I like the updates & think they are doing it in the best interest of all shareholders. I wish more companies would do it like BEV does.
As for First Associates...Avi was really off with his 44 cent prediction for Q3...as for his justification based on a possible delay of Belldune....isn't that complete speculation? What kind of investing strategy is that? It has always been my opinion that brokerages change ratings & opinions often to create a market...they want to generate more trading activity...this is how they make more money. It is always too easy for them to justify their reasoning somehow & change their opinions later. Always form your own opinions based on solid research & the numbers....the numbers don't lie!!! With numbers like BEV has I sleep very well. Cheers!!!