Post by
Beingk on May 16, 2014 4:20pm
Where is the Logic?
So we do .07/share in a quarter where the estimates I saw were .05/share. We do that in a quarter that anyone with common sense about the business would have to assume is going to be the slowest of the year. A quarter where the weather was horrendous in much of Canada. We've finally eliminated the non-core operations that were a drag, and we'll never have to see that loss from discontinued operations ever again. Yet we lose 5% on the reporting day? Even if you only gave an eight times multiple, and chose to think we'd only do as well as we did in this off season quarter every quarter for the rest of the year, you still should have a share price of $2.24. So what happened?
Of course, I realize no one here can actually answer that. Sorry for my frustrated ranting.
Comment by
gibbonsj on May 16, 2014 4:45pm
sp will rise based on company performance. I would not make too much of the session, the financial sector has been takng a beating for a couple of weeks now which makes this a great buying opportunity. Picked shares cheaper today that I ever have. Go figure.