OTCPK:AVEFF - Post by User
Comment by
zadmanon Aug 05, 2017 11:50am
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Post# 26550902
RE:RE:001 - Anon seller all summer (no breadth in sellers)
RE:RE:001 - Anon seller all summer (no breadth in sellers)What did they know last quarter? 2.4mm positive EBITDA - annualize that to 10 mil for rough figures means we trade at 1.8x EBITDA. I don't really see how this goes much lower unless rig counts collapse and the 2.4MM quarterly EBITDA tanks again.
i fully agree with you price is truth but there's more to this than someone merely expressing a negative viewpoint of the stock. Personally, I like disclosure of a short position because those shares are already sold and have to be covered at some point. In an illiquid stock, this position could turn against the shorter quickly and become a house of pain on he upside with limited shares on the ask and the shorter competing with new longs. 10 days till Q2 will tell us more.....
zad