RE:Unfortunately tamaracktop wrote: 1.35 times book. 3.6 times revenues. The problem is that the stock has been falling under it's own weight, driven by increasingly disgruntled retail investors. Xebec hasn't registered a positive session since September 2nd. 2 weeks ago today, when it closed at $3.40 ish. ( going from memory ). It's looking like we're going to need a cathartic event to put in the low. A violent shakeout where everyone so inclined throws in the towel and vacates once and for all. Xebec shareholders have been waterboarded. Xebec is trading very close to its breakup value today. The downside is squat, and after a violent shakeout, all the weak hands will be flushed. Unless of course we have news that turns it on a dime.
The conditions are ripe.
After 2 weeks of flat to down days, this could be it.
People are throwing in the towel.
Volume is certainly adequate to indicate captitulation.
If Xebec were to sell all their assets and pay off their liabilities, buyers here would get virtually all their money back, if not more.
The market is paying nothing fo the business.
If I was a trader with dry powder I'd be buying it here.
If I was an investor, I'd be loading.
The close is what's important.
We'll just have to see.
"It's always darkest before the dawn."
Look for a reversal.