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David Collins
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I am an investor relations consultant with 25+ years experience steering IR strategy and outreach for over 100 companies across a range of industries. We launched Catalyst Global in early 2012 to serve as a platform for innovating the IR role to better address the radically different dynamics... More
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Catalyst Global LLC
  • Olympia Capital Markets Initiates on RSC with a Buy Rating & $24 target 1 comment
    Jun 3, 2010 10:36 AM | about stocks: REX
    Chief Market Strategist and Alternative Energy Analyst, Paul J. Resnik, CFA initiated coverage on Rex Stores (which is changing its name on June 9th to REX American Resources Corporation and symbol to NYSE: REX) yesterday. 

    His valuation is based on a discounted multiple of his 2011 EPS estimate + cash per share and real estate assets - getting to a 12-month price target of $24.00.

    Disclosure: No position - I am an IR rep. for the company
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  • microcaptrader
    , contributor
    Comments (56) | Send Message
     
    Where were these guys (Olympia Capital Markets) 18 months ago when Rex's share price was under $8 a share? From a fundamentals point of view, the company today is pretty much as the company was then. Are clients of companies such as Olympia satisified with being advised to "buy" a potential $5 gainer (25%) even though they could have bought the same company's stock a year earlier for $11 cheaper and a potential $16 (200%) profit? And speaking of IR, what is it you guys do exactly? I've owned more than one company over the past 17 years allegedly "rep'd" by J&C, and as far as I can tell, when the "story" was most compelling, (i.e. profit potential the greatest, risk the lowest) Investor Relations was nowhere to be found.
    21 Jun 2010, 04:11 AM Reply Like
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