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rad10 wrote: Adam How long have you been holding this dog? It's nothing but shambolic. yet another delay in reporting. second one in 4 years now. Just when you think it can't get worse they exceed expectations again............. Why do this to yourself? adamchess wrote: OK thanks people for your responses. In the past, I am pretty sure that someone (Kenny?) gave us assurances that the A/R was 100% collectable over time. I would trust and hope that nothing has changed in that respect. Anything other than an immaterial adjustment should call for some heads rolling, imo, whether they are family relations or other incompetent executive responsible for finances. Too much to expect from this group I guess, given their history. Ranger56 wrote: This action does not make sense. Speculative move on average to low volume. There is no news. Sounds like a material A/R write down is coming. Why would one buy with bad news just around the corner.The only rationale for this is either some have inside info and already know the news will not be as bad as expected, or traders feel over reaction and buying low. If this move was with higher volume, would be more intersted. Don't know about the short position. I am not buying this head fake. Bottom line, not a good thing that their business has A/R problems. I will wait for reaction to the real news.
adamchess wrote: OK thanks people for your responses. In the past, I am pretty sure that someone (Kenny?) gave us assurances that the A/R was 100% collectable over time. I would trust and hope that nothing has changed in that respect. Anything other than an immaterial adjustment should call for some heads rolling, imo, whether they are family relations or other incompetent executive responsible for finances. Too much to expect from this group I guess, given their history. Ranger56 wrote: This action does not make sense. Speculative move on average to low volume. There is no news. Sounds like a material A/R write down is coming. Why would one buy with bad news just around the corner.The only rationale for this is either some have inside info and already know the news will not be as bad as expected, or traders feel over reaction and buying low. If this move was with higher volume, would be more intersted. Don't know about the short position. I am not buying this head fake. Bottom line, not a good thing that their business has A/R problems. I will wait for reaction to the real news.
Ranger56 wrote: This action does not make sense. Speculative move on average to low volume. There is no news. Sounds like a material A/R write down is coming. Why would one buy with bad news just around the corner.The only rationale for this is either some have inside info and already know the news will not be as bad as expected, or traders feel over reaction and buying low. If this move was with higher volume, would be more intersted. Don't know about the short position. I am not buying this head fake. Bottom line, not a good thing that their business has A/R problems. I will wait for reaction to the real news.
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