RE:At we seeing a reversal here? At 11.60, it's close to 2011?I personally believe that the stock is trading at low levels for 3 reason as follows.
1. The drop in oil has scared many people and being that this company operates in 3 areas that have a large oil focus people are assuming that the commodity drop will in turn negavitely affect this company.
2. The company has convertible debt that is due July 31, 2015 and is currently trading at a premium. Therefore this stock which does not have huge volumes to being with is experiencing significant sell pressure from all the debt holders converting their holdings to stock and unloading them on the market.
3. Insiders are not buying as debt is soon the be due and with pressure on the stock to push it even lower why buy now when it could be lower. Furthermore depending on what management plans why buy in the short term when holding the cash might prove more opportunistic in a few months when the financial structure is perhaps more clear.
These are my thoughts only and time will only tell if I am right. I do very much enjoy owning a company where managements financial well being is directly tied to mine. I think they own close to 40% of the shares.
Do some digging!