RE: Canaccord Comments- June 22/05The big boys would love to pick up loads of this stock.
As such, they will put out a ridiculously low sell target in hopes of scooping up as the weak hands jump ship.
If production is down, then that is good for meth prices.
All companies should be judged by cash flow, methanex will still be spewing out loads of cash. You will receive a dividend, plus the company will continue buying back when the dust settles.
THIS IS A BUYING OPPORTUNITY. My previous price target for MX was around $29, and it would have gotten close to that this year. The purpose of investing is to take advantage of buying opportunities, would you rather buy this stock at $19 or $24? If you missed the boat before, it has returned briefly to port. If you are unsure, then just buy a half position now.
O.