GREY:CRIUF - Post by User
Post by
HermannHalleron Jan 17, 2019 5:24pm
198 Views
Post# 29248360
Why the selling?
Why the selling? I'm really surprised how much the stock reacted, consider:
- the yield was 16%, which sugested the market was already pricing in a cut (what company maintains a 16% yield?)
- the slight cut/deferral or whatever you want to call it was accompanied with confirmation the $35 million improvement plan is on track...that's good!
- the company will provide more details next week, we won't be in the dark for long (and obvious it will be positive, because the plan is on track, see #2 above)
- the CEO was buying gobs of shares, over $5, less than 2 months ago.
Sheesh, market is full of scaredy cats. I bought more today and expect it to be back over $5 at least following the analyst day next week.