GREY:LFDEF - Post by User
Comment by
dereklion Aug 16, 2016 2:07pm
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Post# 25146790
RE:RE:why stock keep falling?
RE:RE:why stock keep falling?I like you answer, the company has a poor fundamental for sure, but it seems no BK issues in one year or longer. I bought for the huge insider buyinig but what I am worried that is it possible this tank to 0.5 level?
whatgoesup1 wrote: Because the financial fundamentals are weak. With UR you need to spend time to understand how they report their numbers. The headlines of $21 million revenue and $5 million earnings for the quarter sound great. But if you delve into the detail, they had $3.1 million of revenue from Deimos, no other sustainable source of income, $13.9 million of SG&A expenses, and $23 million of contractual obligations due within 12 months. They have $19.5 million of cash. The stock price is falling back to the book value of their tangible assets because they haven't said how they plan to get out of this hole.