Just something else to remember.The spec end of the market has been beaten down this year.
Tsn has been impacted by the "perfect storm" of negatives.
Demonitisation in India
The so called threat of a cashless society.
The expectation of riches by the buyout of TSI..many investors burnt never to return.
The general malaise in the speccy market.
The appointment of a new CEO,market didn't allow for a settling in period.
The company announcing a new direction in a general market downturn.A period when investors are looking for revenue NOW.
So that brings us to the present time.
Without looking at the fundamentals the chart has found a bottom.
Now let's throw in some fundamentals.
Today's announcement highlights the rebound in the ATM business.
The CEO has notified his intention to buy into the company.
Tsn is doing due diligence on "Revenue Positive" cyber security businesses.
I know we are at the spec end of the market BUT if this scenario doesn't say,
STRONG SPECULATIVE BUY then
I am truly a goose not just a cartoon character!
IMO
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- Ann: TSN Business Update
Ann: TSN Business Update, page-17
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