I strongly believe this is the time BXB will shine and catch up to other companies that have recovered most of their losses from Covid-19.
I have taken a large position in BXB worth more than $750,000 late last week for the following reasons:
I am betting the company will release a stellar results next Tuesday with possible gains somewhere between 7 to 10 percent. The roll out of the vaccine is progressing well in USA and other parts in Europe in addition to slowing of cases in some advanced economies, making the pent up demand phase more of a reality in the near future.
It is expected that the company will pay a dividend, and that will boost confidence in the ability to maintain positive cash flow.
I suspect the share price was depressed lately for share buy back and most importantly for the transaction with micro star. Now that buy back on hold recently and the transaction has been announced, I believe there is one direction for share price from here and that is upward, especially we are in Elliot wave five.
I do expect the share price north of $12 and if we stay above it for few weeks, then somewhere between $14 to $16 end of the year.
These are my thoughts, not a financial advice
BXB Price at posting:
$10.41 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)