RE:RE:RE:RE:RE:Q1 conference callWith Preditor oil being a success for this team, I think they feel they can't loose. Here we have management that doesn't blink an eye when it comes to debt, debt is fine if you are making a good return on your assets, and this company is not. Look at some of there assets- They have about 4-6 facilities that are not producing or shutin indefinitely. They have leveraged up in a time when oil sector is in its worst time in history, the consensus is, if the world economies are falling into a recession then gasoline and diesel will fall off the cliff. I believe TWM last news release, management talked like this slowdown will only last a couple of months. If the slowdown last into the fall, Tomato worse case scenario will come true.
As for my thought on the education level, having a PHd in something doesn't garranty success, all is needed in a good management is prudence and patiences- which I believe is lacking in this team.
Happy Trading!