My take is regardless the coming Q result will be, the effect on its stock price will be very minimal because the price is way way wayyyyy undervalued for company that already making money with existing long term contracts and enough cash in hand to weather current issues. They're even hiring right now for their OSV operations.
@BanglaMan I am upbeat that Icon coming result is not as bad and even if it is a loss, it would not be as bad. The loss would not significantly impact the current price since it is already heavily undervalued based on Q4 EPS at 0.63 cents (2.52 cent annualized) when they begin to be back in black. Using this figure, current price is only at 4x PE ratio when industry PE is around 25x. This is about 21x undervalued. When pandemic comes to an end, its price would highly probable to shoot up way over the roof top.
My assumption is the results will be posted alongside the good news. It’s just assumption. The good news will be to support the lacklustre results. But if I’m proven wrong, maybe good news coupled with good results ;)
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wickedlion
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Posted by wickedlion > 2020-08-04 20:16 | Report Abuse
My take is regardless the coming Q result will be, the effect on its stock price will be very minimal because the price is way way wayyyyy undervalued for company that already making money with existing long term contracts and enough cash in hand to weather current issues. They're even hiring right now for their OSV operations.