Post by
psych01 on Nov 17, 2019 3:46pm
Re--You get what you pay for
As I said, I sold--using for a tax loss; that doesn't mean this is a complete turkey---just that for the rest of this year I don't see much upside after the recent beating the SP took. Q3 financials were luke warm to be kind. Q4 and full year won't be much better, probably a bit though. My main concern right now is that, looking at the full picture including Mexico operations, I can't see there not being some dilutional financing soon. FCF just isn't there for organic financing. Not a big enough share count to worry about a rollback, and if I held instead of selling, I would not be overly concerned for the long haul. Good luck. IMO
Comment by
peregrine3 on Nov 17, 2019 11:21pm
I agree psych - esp. re: FCF for organic funding. Too bad because they made a point of avoiding dilution when they did the debt financing - it was just too close to the bone. There might be a good opportunity to re-enter after the financing - I'm sure they'll go that route rather than a stream or some other nonsense..