RE:RE:The "Atlas Plunge" Continues
Liked2Think wrote: will probably continue to about $2.50
wait I mean $76
Floor is likely $3 at worst, buyers will step in at that point, because even in a worst case scenario of a recession/depression buyout with fire sale prices, it'll go for $4 on the asset alone. I still think a $10 - $12 buyout is likely once the spinout completes. There is a LOT of profit taking going on right now, and people who no longer want a part of the completion risk on hydrogen projects are going to take their money and run, and I sure don't blame them. If I weren't riding free money right now, I'd happily bail out, anyone can be greedy, smart investors know when to cash in on it.
The only risk left after the spinout is completion risk, and someone is going to want the asset if Atlas doesn't want to develop it themselve, its low cost, high demand product, thats why I'm sticking around. The spinout is a nice risk bonus but I wouldn't be risking anything I couldn't afford to lose on it.