RE:RE:RE:We're looking for improved margins and positive EBIDTA in Q3 I definitely hope I am wrong, but sadly I believe it will come to pass. I would caution about such an outcome being a silly assertion. The truth is that any mention of $8, $7, $6, $5, $4, or $3 earlier this year would hone been ridiculed by this entire board, myself included. The last time I bought was at $8, thinking it was a steal. Markets are not rational, and do not bother with book value and cash balance when the conditions are right. I absolutely respect that you or others respectfully disagree, but if XBC has taught us nothing else, it's that us longs have been exceptionally bad at calling the bottom. I do not believe we're going to zero, baring another accounting crisis/fraud, so the downside is becoming limited, that is fair to say. Also fair so say, I'm not averaging down further just in case.
Gann999 wrote:
While I am not ruling out this theory I respectfully believe that you are wrong. What makes you think it's going to "crater" as you put it after a slow bleed. The trading doesn't suggest this up a penny down a penny. Book value is 2.11 and they have more cash than debt. So how exactly do you figure it will fall below 2 dollars. Seems to me companies that trade below book value are low in cash and high in debt that's why the company is valued at pennies on the dollar that's not the case here. Who exactly is going to be selling these shares to crater the price below 2 dollars? I understand the risk of margins not getting better and bleeding cash quarter over quarter but suggesting that the company is worth pennies on the dollar when they have more cash than debt is just silly in my opinion.