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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

God of the Sea - Poseidon Concepts (PSN.TO)

Innovation, growth, dividends, a financing at $13, love love love, growth growth growth and then some growing pains...

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Nobody can accuse Poseidon's management of massaging earnings expectations.  Now the market is spooked. A cyclical market sector and increasing competition have the market thinking about what can go wrong instead of right. 

It will take some time for Poseidon to right itself but a lower share price, and lowered (more realistic) expectations are a starting point. They still have a great business, just not a perfect one. Unfortunately, that was how they were priced.