RE:RE:RE:MT needs to go Plain and simple....You seem like a nice guy colt, and i appreciate that you actually put some math to your numbers although we differ in opinion. I would call this a long squeeze, not a bear raid. Once the debt to ebitda goes well beyond the danger zone alot of funds have to dump and most funds can't buy so they're essentially squeezed out. There are exception for commodities because of their nature. Add in the removal from 3 indices this Friday and the drop was actually quite predictable.
colt451 wrote: To be fair it makes less sense for the CEO to book an interview and then cancel it unless the Co. is going under then it makes perfect sense.
However, I cannot get past the fact that $283M in EBITDA was generated in Q1+ Q2 which after a 10% tax rate and $115M in interest = $140M in free cash flow.
Thompson either committed fraud or this is a massive bear raid IMO.
jsg335 wrote: I agree, but I have a terrible feeling some other bad news is coming. Initially I also felt someone was walking down the price, but this is starting to look like people in the know are bailing out. It really doesn't make sense why the CEO wouldn't want to reassure investors by doing some sort of press. It's looking really bad now.