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Bullboard - Stock Discussion Forum Stuart Olson Inc CUUHF

"Stuart Olson Inc is a Canada-based company. It operates in business segments that are Industrial Group, which offers services to clients in a wide range of industrial sectors including oil and gas, petrochemical, refining, water and waste water, mining, pulp and paper and power generation; Buildings Group, which includes construction, expansion and renovation of buildings for private and... see more

OTCPK:CUUHF - Post Discussion

Stuart Olson Inc > Actually
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Post by crow27 on Nov 09, 2019 2:35pm

Actually

1.3 million shares traded on the 2 day dump (all exchanges, not just Toronto). Cutting divi and poor Q3 results crashed the share price. Now why would you be buying now? If you feel the real bad news is already out then this $1.60 range might be very close to the bottom and you can see a possible large gain in a couple quarters.  A nice 30% gain just puts the stock over $2.00.  If this leadership team can really turn this around then a easy double is in the cards.
With a low float of shares it does not take much good news for it to run up fast. Remember that the people that are buying are buying for a reason.
If for some reason there is a buyout you just might gain some real quick dollars. These guys just may not have what it takes to run the company properly but I'm sure there are others that could turn this around very quickly. SOX is a lot more than just beat up Alberta.
It's all about risk/reward. Remember when stocks really get beat up and drop like this you will always hear nothing but bad news and how the sky is falling, but someone is heavy on the buy so there is always 2 sides to a coin.
I am not fooled how this leadership team has screwed up but maybe this SHOCK of the share price  crash has finally got their attention and they are going to do something about it.
Oil and Gas small players are in real trouble because they can not get any financing for anything and this is why Pengrowth got bought out for .05 cents the other day. Sox is not in that boat.
Lets see how this plays out.
Comment by Crow100 on Nov 09, 2019 7:50pm
I agree with your comment that there might be others out there who can turn things around for SOX but I'm 100% sure it is not the LeMay / Decore team. LeMay is just an unexperienced CEO listening to others (Decore) and not making his own decisions. LeMay is now on his 2nd management team since 2013 and the result........no stability........Like the old saying "people leave people" ...more  
Comment by gainwidpatience on Nov 09, 2019 11:46pm
Over reaction with the news!! The target price for Stuart Olson Inc has fallen to $3.42 from $3.67 in the last week as reported by Stockflare Canada.
Comment by KnottyOyster on Nov 11, 2019 2:15pm
Hopefully the guy that just bought 60K at $1.50 knows whats up.