RE:RE:RE:RE:NEW 52 WEEK LOW!Hey Makemoney4, I am not advocating anybody keep this stock. I wish I did not have as large of a position making it difficult to unwind. Having stated that, I do see an improved company from the one I invested in and have some hope that the business can ramp going forward. As a matter of fact, I would be quite surprised if business did not lift from here. I am also relying on the fact that a major western Canadian user of product, after having done their dd, has jv'd with NXX.
While I am disgusted at having my $$$ parked here and the related opportunity cost which has been steep in this market, there is some blue sky to the story. To sell into this picture, apart from tax loss selling, does not look terribly forward thinking at this pricing level. Just my opinion here, but I have been wrong before such as the time I went deep into the stock in the first place.
Management could well be a problem especially on the sales end as well at the fact that there are not likely to be many good options regarding financing of the jv that won't affect/dilute the shareholder. I guess I believe that the sp will improve, but it wouldn't surprise me, from what we've witnessed thus far, that the path to improvement will be full of bumps along the way. I passed on the tax loss selling on my corporate sides which have Nov 30 year ends, so (obviously) I think there could well be reason to wait it out, but I am most certainly not a "pumper" as I think the last quarterly absolutely stinks.