Not long ago Genuity put out a buy rating on NOT with a $3.50 target.

Recently, there has been some debate about the proper valuation of NOT. People used various methods at coming up with some reasoning as to a proper valuation....referencing such things as the FWR takeout and such. Not once did I see any reference to the target put out by Genuity, although I suspect some work was put in by them to come up with their valuation.

I guess the fact that they have not even purchased one share since they put out their target...during a time when the stock is trading at less than 50% their target price.... makes one question whether they believe in their own targets. At the same time one has to question their credability; and I suppose that is why nobody has made reference to their target when discussing valuations.

In the future, perhaps Genuity should not waist their resources on coming up with such targets unless they are prepared to stand behind them. Any such targets from them in the future should and will be met with skeptism.

Bottom line....Genuity credibility with me = nil, zero, nadda, zippo