New 52 week low ( # 1 ) was the maximum buyback instituted again today ?
The trouble I had with shorting EIF last year is that TD seems to cap it at a $50,000 max position regardless of available margin. The financials of the company have certainly gotten a lot worse and not better.
I am an accountant by trade and I look at financial statements of companies all of the time. I warn those that are long, this is about one of the worst looking balance sheets I have ever seen. TechnicallyHigh, I have much experience dealing with bankers and know what they look for and don't be surprised if the rug gets pulled out from underneath this stock. Bankers certainly do not hang their hat on goodwill and intangibles.
Don't be fooled by the ridiculous dividends they payout - for the guy who has watched the $7 decline in the last couple of months - that's over 3 years worth of your dividends. If you like being repaid with your own money, go ahead and hold on to the stock - at least you will get the dividend tax credit lol.
This stock is a ticking timebomb..... you have been warned.