I have started accumulating today AC.TO as i think it is way too oversold. I cannot imagine it will stay at this level simply because the board has decided not to give monthly results anymore.
Sure it has frustrated investors BUT that does not change the company value.
The last time it was at this level was in november of 2013 and did that company changed for the best in 2 years and 3 months.
It has now surpassed its own profit expectation and are on track to generated a lot more this year.
At this level i consider it is a bargain and will continue to accumulate tomorrow if price continues to drop.
My expectation is well above 9$ in the next 2 months. Pretty agressive you may think but look at the charts.
Have fun for the last trading day of the week tomorrow.
Sure it has frustrated investors BUT that does not change the company value.
The last time it was at this level was in november of 2013 and did that company changed for the best in 2 years and 3 months.
It has now surpassed its own profit expectation and are on track to generated a lot more this year.
At this level i consider it is a bargain and will continue to accumulate tomorrow if price continues to drop.
My expectation is well above 9$ in the next 2 months. Pretty agressive you may think but look at the charts.
Have fun for the last trading day of the week tomorrow.
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