Post by
Undeniable on Feb 11, 2023 3:16pm
What is going on
Thanks for all the replies. I do believe it is a fast sell off because of Sxp crypto. Investors over reacted and sold wrong stock. Looking forward to earnings and will probably pick up more at these prices.
Comment by
Barrhavenite on Feb 11, 2023 9:01pm
Mr Undeniable, not convinced Sxp crypto error is the cause. SXP is not widely held so to say so many investors hold both SXP and Sxp Crypto in their portfolio and sell by error????? A better answer may be pre earning report jitters or just plain profit taking. All the best.
Comment by
Undeniable on Feb 12, 2023 1:02pm
I agree with that except I do think it is a possibility that newer investors heard that Sxp was dropping and it spiraled. Who knows really. Think it is a little early to selling off this much for earnings. Unless someone knows something. History has been that Sxp has outperformed on earning estimates. Again thanks for all the input!
Comment by
emiltech on Feb 12, 2023 2:30pm
Some heavy selling in CCL.B in the last two business days could explain in part what is going on here. CCL.B will report Q earnings next Thursday.
Comment by
Jambalaya54 on Feb 14, 2023 9:38am
I am not concerned with this sell-off seeing that in the last couple of weeks a million shares were traded at well over the sell-off close @ $7.05.. Investors are allowed to take profit even though I believe with the momentum of SXP they will have to pay more if they want back in.
Comment by
Undeniable on Feb 14, 2023 4:20pm
I agree, I have confidence in this stock. I believe when they report it will shoot back up. Believe that is next week. Has a history of reporting above estimates. was just curious if I was missing information.
Comment by
Moogul on Feb 15, 2023 3:48pm
I'm actually leaning towards a near term equity raise. Nothing massive, but the amount of debt they now have is quite significant Especailly with intrest rates where they're at today. Not that they couldn't manage it with cashflow but intrest expenses are gonna be quite hefty going forward.
Comment by
Jambalaya54 on Feb 15, 2023 4:28pm
What I despise is that some institutions or larger shareholders are somehow privy to information that is not made public to the majority of shareholders! It reflects in the price movement prior to release of earnings every single quarter. .
Comment by
Undeniable on Feb 15, 2023 9:51pm
We will see if that is the case. I am thinking they will report well, I even think we will see art to see it head up, insiders in the know somehow.
Comment by
Moogul on Feb 16, 2023 12:48am
It is impressive when framed that way and I think maybe historically (or atleast the last 5-10years) that debt to ebitda ratio is next to nothing. But what a debt to ebitda ratio doesn't speak to is the interest expense attached to said debt. So I think the entire market and management teams need to re think what an appropriate multiple is.