TOX 0.00% $2.84 tox free solutions limited

find me a better stock to trade, page-13

  1. 12,454 Posts.
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    re: a very safe medium term investment POSTED ON SHARESCENE:

    POST 1:

    "Finance
    mX Biz - Tip of the day

    MATP
    54 words
    27 July 2005
    Sydney MX
    1 - SYD
    11
    English
    Copyright 2005 News Ltd. All Rights Reserved

    Tox Free Solutions (TOX)

    Buy: TOX is now seeing the results of major restructuring last December, with interim profit results more than double expectations. If current profits continue, look to a target of 6-8c.

    Glenn Fozard, Tricom Equities Limited"

    POST 2:

    "FWIW, Fozard has only been an advisor at Tricom for a few months. Previously, he served his apprenticeship as an account manager at an investment bank.

    This raises the question of why he would recommend a small stock such as TOX. He has an outright BUY on it, ie no 'speculative' in front of the buy as he has done for some other stocks in the MX newspaper.

    He must have done a lot of research on this company before recommending this stock to his new clients - being new at Tricom he would be keen to establish a good reputation. Going gun-ho on penny stocks would not normally go down well with 'conservative' investors, hence I believe Fozard's target of 6-8c may prove to be his conservative target, just to cover himself.

    Anyone want to comment on this line of reasoning?"
 
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