Post by
Straite on Mar 29, 2019 12:19pm
New 2023 bull market price target
The new 2023 bull market price target has been adjusted. Instead of 10$, it is 2$.
Comment by
Straite on Mar 29, 2019 12:35pm
I guess in a sense, I think it is a positive for new investors looking to buy at these levels. I still it still might go a little lower to about 25m market cap or 0.3$ per share but there is no doubt, the risk for new investors is slightly lower now than it was before. I would advise shorts that it might be time to consider covering their position and maybe even going to long side.
Comment by
Straite on Mar 29, 2019 12:50pm
Right now the 6.75% debentures are at 25m vs notional 50m. the 50m notional would now be worth 32.5% of the company's equity. You can buy 32.5% of equity for 25m on the debentures market. (Low liquitidy tough) while you can buy 16.5% of equity for 37m on the stock. I think right now you want to be buying the debentures at 50 cents on the dollar.
Comment by
honeystivbators on Mar 29, 2019 1:18pm
This post has been removed in accordance with Community Policy
Comment by
Straite on May 24, 2019 10:29am
Need to adjust the new price target after the 12 for 1 stock split that is about to happen. Since 2$ price target will be reached in a week, new target will be set back to 10$. (lol?)
Comment by
ariesleaf on May 24, 2019 10:50am
This company BXE stock Assets all will be gone long before 2023. Those shareholders in this stock should sell and take a tax loss.