RE:RE:how much lowerThe short position is already over 12 million shares. If you're right, those are some bold bets........although, maybe the shorts are onto something as ALA appears to be running out of positive catalysts that would move the stock up. They've announced multiple asset sales at good valuations and Q2 results weren't too bad and the share price hasn't budged.
YodaLayhehoo wrote: Short term traders trying to capitalize on a repeat of last year would be my guest. With debt going to be lower than expected and a large amount of cash going to come from the ACI buyout to either reduce debt further or invest. A payout ration lower than 50% when a typical payout is in the 70-80% in this sector. A winter that is suppose to be cold with record lows already set. I'd imagine there will be buyers waiting for this stock to drop this time around.