Post by
Angles on Mar 07, 2022 12:47pm
Relentless selling by BMO
After a number of different firms/people took out the fifth block of MCB stock that had been offered by BMO in the mid eighty cent range, they came back with more. Another 70,000 shares offered for sale @ $0.85. This makes close to 500,000 shares offered by this firm over the last three months.
I think they are crazy and should be buyers at these prices... not sellers. However, who ever knows the real reasons why and when people sell??? I am a buyer for sure! I now make the book price of MCB at $1.42 with MY PROJECTED 2022 sales of $46 million and net earnings per share of $0.22 for a ridiculous PE of 3.7. Very, very low. I only wish I had more money to buy every MCB share they are offering.
I think any deal that perhaps may be in the works would have to be for a minimum buy out price of $1.64 for every MCB share. And at that, it is still ridiculously very cheap. I truly feel a more fair takeover price for MCB would be $2.75. Remember it has been over $7.00 per share in the past. All in my humble opinion. Do your own investigation and see for yourself. MCB has a great website and investor presentation. Plus, see all the SEDAR filings and you may believe like me.
Angles
Comment by
Possibleidiot01 on Mar 08, 2022 12:19pm
Macro forces drive stock to 52 week high.
Comment by
Angles on Mar 08, 2022 4:36pm
Opps! Two blocks which total 220,000 shares now offered in the mid nineties and at a dollar. Who has that much and why would they sell at these prices with what is going on??? Time to clean them up and move forward. At least we hit a new 3 year high of $1.06. I believe a lot higher prices to come. Stay tuned. Angles