RE: why has the priced tanked on this thing?Hello nortmania,
I can't give you a definitive answer as to why the stock tanked. It's not as if they had a huge disaster like BP, where you can pinpoint the main reason for their drop. I can however suggest some reasons why I think it dropped:
- Day traders moving the price based on trends rather than intrinsic value
- Investor skepticism about their ability to realize the backlog
- Investor skepticism abou the integration of Aperto and the new cost structure
- General investor skepticism on the global recovery and this being a speculative high-tech company in general (although fortunately this company is geographically diversified)
That being said, I think once Q2 results are out, the concerns about the backlog, and the integration with Aperto. I'm optimistic about August being the turning point for the share price.
AmericanInv