Not quite V shaped until we reach 20.81 BUTwhat a definite signal in terms of value...Morningstar has moved fair value up to $26.22 from 24 something and Thonpson services has moved the stock from a 6-to a 7 based mainly on recent earnings report. There high estimate is still at $24.00
Any positive news and we get a run up such as rate increase, asset sale, next ER more positive than thought but I see the real action happening just before the forth quarter ER report.
The unknown is when more Shorts will cover - I think some in this recent move but many Shorts still looking fo rthe right moment to close - in my judgement that train has left the station and we may see progressiv emoves higher as other Shorts recognize that this company has now righted the ship. My confidence increases over a January 2021 pric eof 24 and now think that may be low by 2-3 dollars. Patience. A dividend raise may b ein the cards come 4th quarter but I actually expect it nearer the end of 2021... happy to be wrong but the market wants debt ratios down to 5 or below before div increase... Cheers