Comment by
snootchybootchy on Dec 08, 2022 8:55pm
If you look at the top 20 names on that most undervalued list, ECN is the only stock with a market cap greater than $500M. Just another example of just how anomalous the value of ECN has become.
Comment by
retiredcf on Dec 12, 2022 12:59pm
You're correct in that it's a pretty motley list. A number of stocks haven't traded today or have exceptionally low volume. The only ones that most would likely recognize would be Aimia (#12), Algoma Steel (#42), Reitmans (#44) and Interfor (#48). ECN sticks out like a sore thumb in the top ten with a PE of 0.60. Still waiting for the knife to hit the floor. GLTA
Comment by
ozkan123 on Dec 12, 2022 3:59pm
Hi rcf, where are you thinking bottom will be at before jumping in, 2.60ish?
Comment by
snootchybootchy on Dec 12, 2022 6:12pm
Maybe I was reading more subtext in the press releases than ECN intended but I thought ECN were going to use the proceeds from the Kessler divestment to make more aquisitions related to their core businesses. I keep thinking we'll hear about an aquisition any day now, and the minute before that announcement is made public will be the bottom.
Comment by
retiredcf on Dec 14, 2022 9:57am
The markets are incredibly volatile (ie. we jumped yesterday on good volume and then promptly gave it all back) so I have no real idea. That said, I doubt we get much lower than $2.75. Remember that some may have taken their tax losses in mid November so the 30 days may soon pass and they could be looking to jump back in. GLTA