unbelievable, page-36

You can say what you like about Morning Star...they are just another Research House..they are not God..they can be wrong like any analyst can ...and yes that includes me.
Many other Brokers and Research houses have their views of the future price..I have stated the facts..the shares are trading at nearly three times book value carrying enormous debt in a highly competitive environment and will keep cutting costs by laying off people ..there is little opportunity for revenue expansion only cost cutting seems to be the pattern.
Now ...none of the models from any of the research houses tell you what will happen when the the pin finds the Ballooning US stock market...and Prices world wide contract to try and find a reflection of True Value...a long way down from here...Certainly at least an average.. of at least a 30% downside risk with many overvalued companies falling at least 50% if not more.

I'm interested in the downside risk and the solid reality behind any growth...I believe that the downside risk for companies at rising multiples of book value will hurt many future retirees on any major Stock Market correction.

I'm not interested in inflated opportunities ...but downside risk versus upside opportunity ...and in TLS..best guess is an upside from here of 50c while downside is two/three dollars ..That risk reward doesn't get me excited ..NO SHARE IS RISK FREE...so we shouldn't close our minds to reality ..Ensure diversification and minimise over weighting on any one share...At these stock market levels I believe one should evaluate shares carefully ...and don't move too far away from book value ..and look always to rising profits ...good cash flow and little debt.."high debt companies are always hit hardest in a correction"...in 2000:TLS went from almost $8 to $4 in 2009 fro $5 to $3 in 2015 from $6.50 down to $2.65 and 2019 from $4 to $2.67....
A High Debt company like TLS ..paying out 95% on dividends and in a high competition environment with little opportunity for Margin Expansion or Revenue Growth...could get back to technical support at the $2.60 level ...or even much lower depending on the extent of the next major US correction.
All the Best to All