RE: I wonder why the stock is not ZERO?Has to be one of the funniest commments I've read in a long time. Why is a play at 3.5 cents and not zero? lol.
It's called the price of hope. But it's a false hope. There isn't anything worth buying. The debt far outweighs their assets - even the debt holders will be lucky to get pennies.
Everything is going wrong for CCU. Acid costs are going thru the roof. Copper hedges are killing them. Cash has to be at absolute minimum. I wonder how they can even afford to buy acid considering the huge cash outflows every month. If I were a supplier I'd want cash on the barrel head - no 30 day credit.