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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (13221)	6/11/2015 8:27:53 AM
From: Goose94	Read Replies (1) of 203449

Canaccord Genuity analyst Aravinda Galappatthige has cut Loyalist Group (LOY-V) to "sell" from "buy." Loyalist Group posted disappointing fourth quarter 2014 and first quarter 2015 results Tuesday. The company had delayed the filing of its full-year 2014 results beyond the regulatory deadline of April 30th, citing recent health issues affecting the chief financial officer of the firm. The steep miss in revenue was due to a 46-per-cent drop in tuition fees. The analyst says: "There appears to be no explanation for the steep change in revenue. The company no longer provides a breakdown between organic and acquisition growth/decline, which makes understanding the miss even harder." Canaccord cut its price target to 10 cents from 90 cents. On March 21, 2013, Fabrice Taylor said Loyalist was a stock where "investors benefit from the underlying trend without the underlying risk." The stock could then be had for 59 cents. Mr. Galappatthige rated Loyalist "buy" in new coverage in the Eye column on Sept. 9, 2014. He targeted the shares at 85 cents. The shares were then worth 57 cents.

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