GREY:STPJF - Post by User
Comment by
nikeherculeson Mar 17, 2014 2:07pm
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Post# 22332361
RE:Strange but typical.
RE:Strange but typical.
Himmler -
My apologies for sounding a bit too positive with this one, but you and I must admit it's been a rough ride since the October release and a horrible downward slope for the majoirty of 2013. I think a bit of celebration is long overdue. Yes, the previous weeks on the board were not positive, but some of us were putting our money where our mouth is today.
Thus far with STP, the buy and hold position has not been successful. I read the tea leaves correctly in May/June but incorrectly in October. STP has great potential, but it remains a highly speculative stock. Shat by some miracle and insight correctly judged the false starts. STP is no COS, so capital preservation in the face of 50% SP declines is warrented.
On another note, it looks like the bank could be accomodating the additional ICD's with further relaxation of the LOC limitations. See section 7 in the latest financial statements - capex is limited to 5.1 million from Jan 1 to April 30.