FTR- BUY, Bottom Confirmed on Fib Ext, Bounce to$2.35 then $2.67

30 мар. 2017 г.

FTR was looking for a bottom and found it on the fib 2.618 extension at $1.95. 20% upside on a bounce to $2.67. Fundamentally, expectations are too low for Q1, after numerous one-time items caused Q4 metrics to strike fear in the market and even the analyst at GS. The GS downgrade created the capitulation bottom at $1.95. (Note: the preferred shares FTRPR offer an even better entry price with $14 of dividends until June 2018 conversion @ 20:1 common shares)