Canacrook Missed the boat. Thats why they downgraded the company to steal cheap shares.
"In our view, investors should seize this opportunity to crystalize their recent gains," said Alexander.
Really.... This is like saying " We are here to buy your shares"
they say the run up is not driven by fundamentals. What company are they looking at???? HTM just posted their best year in history,
They know this company is growing and the only way to get cheap shares is to downgrade.
Keep your eyes open for an upgrade. It will come soon!
It is the debt ratio problem and ownership that they are addressing.
Peg is great, but only one insight. 14 million in cash will not allow HTM to expand w/o additional capitol. Remember how much it takes t open just one plant ?? Will Enbridge own 40% again of the company and the profits ??
....This is a tortoise company, not a hare sprint.
....What is the multiple for other electric companies, and how should this be applied to HTM ?? 2 0r 3X ?? vs 11-12X for future earnings currently if you want a $1 share price for 8 cents per share for the entire coming year. Not knocking , just looking at how the evaluate a company on earnings vs growth...