Originally posted by drifta
Historically, if anything it's the opposite.
Management come out with a conservative profit forecast, the stock drops. Then fund investors move in driving the price up from the lows, only for TRS to come out with profit upgrades.
We know Christmas is boom time sales season for TRS, so this is way way over sold, 28 million shares on issue for a $60 million market cap is insane in my opinion. $800 million annual revenue and anywhere from $11 to $20 million NPAT and no debt...Equates to bargain territory, will be over $3.00 within a week or two in my opinion, and that is only $70 million odd market cap
drifta
Scarily quiet on the buying front though!
Why is everyone sitting on their hands not buying at this price?
I totally agree re-value but it does make me nervous that more is happening behind the scenes, I never act on "suspicion" though as that is no way to make investment decisions.
!
(20min delay)