GREY:CRVNF - Post by User
Comment by
TheRedon Jan 18, 2005 11:05am
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Post# 8447224
RE: FE Revised 2005 Guidance..NOT GOOD
RE: FE Revised 2005 Guidance..NOT GOODSo much for my price target of $3.40...
burgoyne, That's one negative outlook, that, given the source, I intend to treat very seriously.
If FE is a distressed dog, then I could see it slide to $2.40 or slightly lower. Need those reserves.
As to the other disappointed folks. No, this is not Nortel. We actually have timely and informative quarterly reports here and FE still has REAL economically valuable assets. The price of the share may not recover to $4.00 (that depends on the strategy the company follows). But there is real value here all the same.
All the more reason to carefully do the DDD thing. -The Red