Post by
snootchybootchy on Jul 23, 2024 6:27pm
V.PHA absent from the rally
This small/micro-cap rally of beaten down stocks since late June has been great for my portfolio, and even some holdings with bigger market caps but are interest rate sensitive (e.g., T.GSY, T.ECN) have been rallying too. But V.PHA has not participated in the rally even though this stock would seem to check off both boxes. What is going on?
Comment by
Torontojay on Jul 24, 2024 12:03pm
This is so illiquid that the volatility is insane. I still believe this is at least a $1 stock but I think investors would like more clarity on the potential impact that Quebec's operations will have on their finances. There is a real possibility that the new legislation would strengthen their competitive advantage as smaller agencies exit altogether.
Comment by
CauseWhyNot on Jul 24, 2024 12:24pm
It's been a double whammy.. Quebec is imploding and solutions staffing margins are 20% compared to pha target of 25. Both his the market by surprise. Guessing it pissed a lot of investors off.. pretty sure this will be dead money for 2 or 3 more quartered.. and hopefully they can show some ebitda.
Comment by
CauseWhyNot on Jul 27, 2024 12:47pm
Wow! I need to proof read before posting. Sorry guys. (Type on iPhone, post, then read.. )
Comment by
Torontojay on Jul 29, 2024 7:53am
I'm not sure why Stockhouse doesn't have an edit button. It's happened to me before too.