Parkland Corp T.PKI

More outrageous analyst targets have appeared

[BSdetector2016]

The latest one is from TD for $50. The stock has been imploding since January 2021. What gives?

[SargeX]

Hey BS How she go? Are you all out of ALA yet? $50 is quite the target alright. I know it has gotten close to that in the past but I sure think management seem a tad confused on what they want to do. We held a full position in PKI from Oct 2013 but sold most of it in late 2019. At the time, it had been very good to us but it no longer fit our investment strtegy (ie: wasn't in our 5 sectors

[BSdetector2016]

Hi Sarge, I'm doing great and you? I flushed my final tranche of AltaLicker at slightly above break-even not that long ago. It won't be long before pressure from the BoD and Cornhill force them into another dumb acquisition. "Growing" the company seems to be higher on the priority list than keeping shareholders happy. Anyway, I won't ever be back into that one. Parkland was

[SargeX]

Hey BS Good stuff on ALA. You definitely got a better exit price than we did but we did get in earlier (Aug, 2010) at a lower buy price. As I've said over & over, ALA is the most disappointing stock we've ever owned. As mentioned, we got into PKI in Oct, 2013, initially at $18.58 and held for 7 years and made a nice $56.9k profit. I initially bought it for the divys when I was still

[Ghost73patrol]

This post has been removed in accordance with Community Policy

[Joe455]

Sarge really knows his stuff.

[Jtpatrol1]

[DeanEdmonton]

What tjhis proves is analysts are generally full of poop. If you want to lose a ton of money, listen to analysts. This stock may eventual get to $40, but that is a long ways off. Even if they hit their vaunted 2 billion revenue, and they are a very long ways from that, their profitabilty sucks and the huge debt load they are packing is going to be a real problem in this rising rate environment. I