RE: RE: Am I Missing Something There are better shorts but this company is intriging for a number of reasons inc.
- it really is dead in the water - the company seems to make no pretension that new business is coming on-line - for a short position this is attractive since the upside (potential loss for a short) is limited
- there is a high possibility that the dividend could be cut or disappear - this would put a lot of downward pressure on the stock (see what effect this had on ATP)
- the buyback (ending in August) may be keeping the stock price artificially high since half the buying recently has been through the buyback
So as a vulture (I admit to it) this is all appealing but the low volume on the stock doesn't make for an attractive short play.