Morgans report - bearish $13.60, page-7

  1. 11,622 Posts.
    lightbulb Created with Sketch. 818
    That price target of 13.60 was pretty smart, as prowiz said it seemed to be a gap fill situation. I longed this well on day 1 and closed the next day, sadly after the upthrust was finished, and not during it. I just longed again today - with a reasonable stop. Looks like the panic is over - at least for the time being. This is a funny stock as it has employment search (in a few countries now) - which I think is a great business, and then all the other bits of education that are relatively ordinary and in a very competitive segment IMO.

    I think they could raise the SP significantly by selling the education business, or spinning it off, as it looks like a severe distraction to me. Keep it simple I think. Vertical integration seems so un-necessary, as does competing with some of your natural advertisers.


    GLTA
 
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