KAR 3.03% $1.44 karoon energy ltd

Its got me why brokers adjust their targets because of a loss...

  1. 9,879 Posts.
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    Its got me why brokers adjust their targets because of a loss for the year. Even $6 mil of costs for the failed spin off is chicken feed for the potential this company has. Its all happening over the next 18 months and brokers are worried about a prior year loss.

    This is an exploration company. Its supposed to have a loss. If it didn't have a loss we would would be worried that they were not doing anything.

    Should be a good day tomorrow with word of a multi trillion dollar rescue fund for Europe in the wind.
 
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