NYSEAM:AEF - Post by User
Comment by
nini222on Feb 09, 2018 9:58am
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Post# 27532748
RE:sp declining
RE:sp decliningI think the biggest reason is they are absolutely awful at communicating with investors. They released a press realease saying they are selling the business that essentially makes up 30-40% of the company and provide the absolute minimum amount of detail leaving the market to interpret negatively. The stock falls 30% and they are just quiet, looks really bad when a company like this that is new to the market and already not performing has a management team that comes off as incompetent and careless...not to mention awful capital allocators.
It LOOKS extremely cheap right now, like bordering on insane but who wants to trust these guys now? It's going to take alot from them for the SP to recover. Hopefully they actually start buying back shares which seems like the logical thing to do but of course this management team might be more concerned with lining their own pockets than doing the logical thing.