RE:RE:RE:Never fails to dissaspointI hear ya and I've been there. But usually with stocks that have tanked but my underlining thesis for owning them still made sense and figured they should recover. For this one that wasn't the case. Especially once the share buyback and dividend became a no go.
Tough to imagine any catalyst that would bring the market back to their side given the mess they've made with the hodge podge of companies all over the globe with little to synergies, especially in the market environment we're apparently entering.
Is a buyout scenario still possible? Not sure who would buy it, I doubt even Mithaq wants it at this point now that much of the cash is gone and the assets they've acquired. Who knows.
$3 seems cheap, but for me whenever I owned this recently I was always racking my brain trying to make excuses as to why it wasn't an absolutely disastrous business plan and by far the stock with the least potential in my portfolio. Finally I decided to stop making excuses. Easier to do when you can still salvage most of your investment mind you.
At this point I can't even stomach trying to buy in for a quick flip. Looked at it today at $3.01 and debated, then reminded myself of how trapped I felt last time I was stuck in it. Hey who knows maybe it will recover to $4 but I'm ok missing it if it does.
Have a look at Aecon on weakness, to me it's one where you have a reasonably safe chance of recovering 30-40% in a year or two plus a 7% dividend. Either way good luck.