Thanks for the link JT,
I haven't heard of eastcoastresearch before, but I lilke to test credibilty before trusting forecasts.
From your link, I have read their /reports/reports-db and looked 6 of their older reports from 2023, their quoted/published target values and compared published/dated SP with todays. Here's what I found, along with $1,000 invested at the time at todays SP (back of the envelope 5-minute test):
Date, CODE, SP (at date), SP-T (target value), todays value (approx 12 months), $1000 at the published date, (return)
31/3/23, BML, $0.26, $0.84(T), today $0.1, $384, (-61%)
26/4/23, HGO, $0.055, $0.136(T), today $0.067, $1,218, (+21%)
18/5/23, VMS, $0.02, $0.041(T), today $0.024, $1,200 (+20%)
5/6/23, DLI, $0.65, $1.24(T), today $0.235, $361, (-64%)
22/6/23, AME, $0.064, $0.119(T), today $0.031, $484, (-51%)
3/7/23, SDV, $0.31, $0.73(T), today $0.385, $1,241, (24%)
So $1,000 in each of the 6-reported stocks at approx +12 months = $4,888 (-18%), ~3 x +20%, and 3 x -60%.
This is a crude method, and this is most certianly not advice, but it may indicate eastcoastresearches reliability in SP foreacsting - DYOR!
That being said, I'm holding BTR !
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Thanks for the link JT, I haven't heard of eastcoastresearch...
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