Five of 8 brokers covering vrl have a strong buy, with a sixth broker recommending more modest accumulate. The other two are holds. Broker consensus target price is around $6.50, so considerable upside if they read the situation correctly.
Brokers are well known for being wrong, but positive consensus estimates do predict fairly well.
I had been watching vrl for two years, and finally started buying over the past week or so. Largest order at $5.01, but wish i had been bold enough to throw in a second order around that price. Ended up chasing the sp over two days this week, eventually buying a fourth lot at a higher price point. Vrl has risks but seems priced in. Wouldn't be surprised if the sp rerates to upper $5.80s by August.
VRL Price at posting:
$5.33 Sentiment: None Disclosure: Held
