GREY:CVHIF - Post by User
Post by
traderguy5000on Sep 24, 2016 5:57pm
143 Views
Post# 25274317
Not Terminal
Not TerminalThe CXV chart looks like the chart of a terminal company, and I don't believe it is. Q2 may not be stellar, but CXV has more potential than most Venture dogs with this kind of market cap. In Q1, CXV had about 3.5 times more cash than current liabilities. That will probably deteriorate in Q2. But, as long as they can hang on to a good percentage of their cash, CXV is not heading for a delisting any time soon. I'm long but not accumulating. I have no urge to increase my position, but cannot imagine anyone being insane enough to stay short at 12 cents going into Q2. I think a mediocre Q2 is more than priced in. Fabrice says hold for two quarters. While I have little use for Fabrice, I'll hold for two or more. There's a bottom here somewhere.