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Nordion Inc. Message Board

  • hotracer2012 hotracer2012 Sep 11, 2012 5:37 PM Flag

    When the dust clears!

    I expect Nordion to bounce back to at least $8 after the shock is gone. The market likes to over react to negative news.

    Sentiment: Buy

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    • dust and disbelief. I think there is a level of disbelief among most investors that after NDZ spent something like $350 million on the reactors in good faith, and AECL just walked away from it--that not only would NDZ not get even $1 of what they invested back (let alone the $1.6 billion sought), but that they might also have to pay AECL's legal costs. After trying to come up w/a solution to an aging and vulnerable reactor in Canada, for the good of not only the company, but the country as well, they got stone cold slammed, and could now be punished even further in what many would regard as a spiteful Government or quasi-government action. Even if the shares get back to $8, which I also believe could happen, that leaves them a long ways from the near $11 that they were trading at just before this ruling. And I don't see any hedge fund owning 4-7 million shares likely to double down on their bet. They are likely going the other way and reducing exposure--that is the dust settling to which you refer. Most expected a 3-0 unanimous ruling in Nordion's favor.

 

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