RE: What is going on?I don't think it has anything to do with the perceived bursting of the commodity bubble at all. AQL seems to march to the beat of their own drum. It doesn't really trade along with the commodity market and it doesn't trade in tandem with the equity market.
From a technical standpoint, it sure appeared as though a bottom was in until last Friday when the stock gapped down and about 90k shares were sold in the $2.40-$2.50 range. I thought it was end of the month BS but the selling has continued into this week. I'm just wondering if there is a leak of some kind of info because there is absolutely no reason why this stock should be trading at these levels. At the current market cap it is only trading for about $25 million more than they have in tangible assets and roughly 4x projected EBITDA for CY2009. Absolute insanity.
I think that the biggest problem is that nobody knows about this stock. If this was traded in the US on the Nasdaq it would probably already be trading at $4 or so. Who wouldn't want to invest in a company that has a 300% ROI trading at a forward P/E of less than 10? I just don't get it.
parkus