Eric Nuttall commentsOn BNN Market call, part 6 of 11/30/11, Eric Nuttall has changed his tune on Vero.
From a top pick in June, he now calls it a Sell.
Says Vero spends more than it borrows, and has had trouble executing recently. He has sold position in VRO in Sprot's fund. Continues to say management is frustrated with share price and should sell the company. At this low price it would be an accretive transaction to the buyer.
I agree, if you cant exploit your asset base due to lack of funds, let someone with deep pockets do that .