While Altius Minerals reported great results and remarkable improvements from the same quarter last year, including an $11 million net income and $25 million in revenues, Craig Hutchison and TD Securities ruins it for the company as a result of downgrading the stock as opposed to being a little optimistic.
Logically speaking, when a company like Altius Minerals reports great results, analysts like Craig Hutchison and TD Securities shold be upgrading the company, not put it down.
Its ok to downgrade a stock if the company is not living up to expectations, but not when a company like Altius Minerals meets or exceeds them.
Enough with the "Candlepinning", Hutchsion.
"Candlepinning" is named after a sport where Bowlers are known for being punished for making great shots like Candlepin Bowling.