Re: Rayond James Upgrades VIT "Outperform" to "Strong Buy"- Price Objective C$1.50
posted on
Apr 01, 2008 10:16AM
If you want to look at the glass as half empty so be it. Ineperienced drillers is a fact of life in this industry so this is not a unique problem for VIT. "Bad Ground" - you have to expect that your going to have problems in any kind of drilling - it is a rare thing indeed not to have problems. If these were such a great negative why would a company give this stock a strong buy with a price objective of almost a 100% up move from here. There is obviously a lot of things to be positinve about this company. Fortunately for us bargin hunters we have people who will are negative - they are the sellers that give up the opportunity to pick up the bargins.