thanks Vesupria. Your comments were my exact thoughts in March this year.
I totally disagree that the metal detection business is cyclical. I have no idea why every analyst says the same thing without any further explanation. I am rather dumb, so i would be grateful if someone can explain it to me.
i agree on using rough estimate of 20 cents EPS, which gives a 10x multiple at current prices. This is being priced as if there will be no growth at all. That, i am convinced, is probably incorrect.
As to all these suspicions about the announcements etc, there is a fine line between skepticism and delusional. Since the detectors are sold to distributors, how difficult is it to envisage all ports and trade closing due to civil unrest, hence affecting shipping?
CDA Price at posting:
$1.90 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)