RE:RE:Somedayalertmeipp wrote: yes.. it's trading the worst among its peers.
BNE's pps was like OBE, and then SGY and now down to a level that is close to CJ. Its FFO per share is much higher than SGY and CJ and yet it keeps selling off.
How sad.
Management needs to communicate their plan ASAP, like yesterday.
It will be all forgiven if they sold it at nice premium though.
Yes, how sad. I've wrote about communicating their plan for months now but was jumped on by several on this board for it while they said it is a well managed company. A company that is well managed does not need banks to come in to clean up balance sheets for them and place restrictive covenants on debt. They should have done a financing for 10MM shares when the price was $12 and got the debt and bankers out of the way. Even a 46MM share float is still low. Looks like options are a more appealing avenue though while common shareholders continue getting beaten..
I am even more embarraseed today.