low volume drops Most of these hard drops are on low volumes. The sector is at its low and there are minimal buyers which means volatile contractions when somebody want s out.
They have 85% utilization for this year so hopefully they can get a handle on cash flow and they need to seriously improve efficiency. South America seems to be in pretty good shape these days.
They have a little more debt than I like but its fairly low cost and serviceable provided they dont lose all their contracts.
I will buy more on the dips like todays.