RE:Is this like Valeant /Bausch I've been looking to put in about 100k and wait patiently as well, I probably would have earlier but im waiting for another investment to hit my price target and it just keeps getting close, but not quite. I guess that is a good thing given how atha just keeps consistently dropping.
ManitobaCanuck wrote: I have invested in ATH at around 40 cents , a large positiion of 100k$ .
This reminds me of something like me buying Valeant/Bausch for 15CAD in 2017 and it dropped further to 11CAD i na few weeks .Had a huge position and was sh$t scared of this company going to insolvency .
People were speaking about lost cause and how everyone was selling to get out ,counting on it as next bankruptcy with huge debts .
Guess what 2 years fastforward to 2019 Valeant/Busch is 36CAD I am sitting on a neat profit .
Patience is required my friends with balls of steels .
This company is not going bankrupt anytime soon , they have reserves to survive till next oil upturn comes.Might be a few quarters in 2020 where they will either get bought out around atleast 1.2 - 1.5$ or market will reward them with a rally to that level . These are rich pickings in oil sector much like the 2008 crisis was for rich pickings in the real estate sector in USA . Recovery was slow but those who were brave made millions :)