BLY 0.92% 54.0¢ boart longyear group ltd

should be a good trade, page-54

  1. 59 Posts.
    Smart post! But you might ignore some details very carefully.

    You are right about the dilution of shares in 2009. But the money obtained from dilution was less than $300M. Why? Because there were less than 300 M shares added to the price per share less than 1$. You can see the stock falling in 2008 and 2009 and strongly recovering in 2010. Guess why?
    In March 2010 the stock jumped up several times. And it was not a pump and dump as the stock kept a quite steady movement during the year. Anyone else can say it?

    Well, actually there were at least 2009, 2010 and 2011 good years. My opinion is that BLY got in trouble when mining industry got busted (worse than average industry).

    Similar to 2010 I predict a very strong increase in SP in March 2018. Why is that? Despite the huge dilution of shares and the debt issues, the financial situation already radically improved and the three bad-ass investors (C-A-A) will discipline the BLY management. And the news will start to flow by the end of February 2018.

    Again everyone is doing the research. But please no scaremongering

    Now is a good time to decide what you will get in March 2018.

    Someone smarter than me said "buy when you see blood in the streets".

    All the best.
    Last edited by DS_1_: 23/11/17
 
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