Exco Technologies Ltd T.XTC

Keystone Financial

[retiredcf]

Attended the Toronto MoneyShow last Friday and caught Ryan Irvine's presentation. At the conclusion of his general remarks, he offered up 5 stocks that they think have the potential to be a 10 bagger. The last of them was XTC.  GLTA.

(and response)

It should be noted that Ryan Irvine, though he likes and recommends Exco, says it will NOT be a ten bagger but that there is a risk-assymetry with the name. He means by this that the upside more than outweighs the potential downside. The company is nearing the end of a heavy CapEx cycle and with the spend mostly out of the way, the profits will start to roll in significantly. In the meantime, he explains, you get the nearly 5+% dividend. So while not 10x potential, XTC could easily double or even triple if it delivers on its 2026 $1.50 EPS goal. YE2024 is only a few weeks away.

[mjh9413]

FWIW I agree with Irvine's comments entirely As to poster question of why down ,well, there was litlte thing about semiconductor availability and the prevailing COVID thing which affected the auto industry, and a little cyber incident at one of their divisions. We also have litllre coverage of the company and what generally looks like mainly retail support for the stock. I have always