|SELL||$14.060||BULL on FINANCIALS||NORTH AMERICAN - LARGE||Unknown|
He is so bearish on this one… We had a negative transit through EBV -1. He has a $6.58 model price. There are still bad times ahead.
This guy is hilarious when it comes to commodity companies. He's been calling for companies like CPG to have their stock price chopped 75% for years and still continues to use his "model" on them and talk seriously about the results.
Just to add. Here is his old "model" price from 2015 when CPG was 17.88
"$0.43 is the model price. The dividend is not sustainable. Mean losses extend out to 2 years. We had a bounce, but fundamentals are against you here. They will have to be a further cut to the distribution. He sees more downside. "
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