Post by
cupricity on Oct 24, 2023 11:52am
Testing support at 1.50ish.
Given that so many good things are already happening to TKO, and stock price is actually hanging in there pretty darn good, I bet the following.
1. Earnings are going to be decent but still net loss as money is moving from Gib to Flo.
2. They won't do anything too crazy to finance Flo
3. Some kind of ramp up for Flo is in the works as they can scale the project with cash on hand while using cash to buy the remainder needed.
4. I think that the market actions are awfully suspicious with ultra low volume and that is making an oversold market tight like a coiled spring.
5. Renewable energy is taking off exponentially with lots of negative power prices in Europe and other windy states. This will spark a large investment in transmission lines to move surplus power where it needs to go. Very good for copper.
6. TkO returns put the colts firmly in the glue factory over last 2 years, 3 years etc. Solid management have been through some doozy downturns and this downturn is no different.
Comment by
slewfoot2 on Oct 24, 2023 1:02pm
lol .. r you reeding the economist again lol... whats brian say? lol.... time 2 by moar tho eh ? lol you sure lost alot on tko,