RE:RE:Out of touch
Torontojay, given that PHA is more of a growth-by-acquisition story, do you think that the current economic environment could actually be somewhat beneficial to them, in the sense that it may be cheaper to acquire? Or is taking on more debt at this time outweigh any benefit like this?
I get that the overall market has been brutal for many, but unless there is some sort of fundamental business impairment that I am not aware of, I remain puzzled at the seemingly bottomless valuation that investors selling here ascribe to the company - a sure-fire way to suffer significant losses at a 2/3 year low.