If the market were to turn over, how much lower do you believe BN could trade? Maybe you could provide a low, medium and high point based on hard or soft landing.
I’m hoping most is priced in lol.
Have a good weekend.
Such exercises are not overly constructive, as they are largely guesses, and company or market events can move prices very quickly. We always say that any stock, any time, could drop 50% in a very short period, for nearly any reason (panic or otherwise). We like to use this as a frame of reference so investors 'expect' volatility, so it is easier to handle when it actually occurs. More realistically, we might see a range of $30, $35 and $40. We think a soft landing and/or no recession is priced in and in such a case we would expect the stock to rise, not fall.