Anaergia Inc T.ANRG

Motivated window shopping

[Masterbuilder]

In my previous posting, I suggested that $6 - $7 per share was a price range that interests me so long as there is a big volume spike and a candlestick hammer (technical indicator). I think capitulation is near and a stupid lowball bid of $6.25 could get hit if some inexperienced trader punches the "sell at market" button at a moment when there is some panic selling and little depth on the bid side of the board. 

Right now the trade volume is still low, so I don't think the bottom is in yet. The shorties are not worried either. Unfortunately, I don't see any new buys from insiders either. Maybe ??? they are just cash strapped and already bought in at much higher levels? Net net, I am motivated window shopper looking for a price I just can't refuse.

[Gann999]

Why you would pay anything above 4.50 is beyond me with the dismal gross margins last quarter this is going much lower. Xebec is a much better buy at the moment in this sector.

[WealthBuilder99]

I'd be curious to see a case on how/why Xebec is a better buy than ANRG

[Gann999]

Oh gosh where to start. Let's start with the fact that Xebec is trading below book value where anrg is trading at 2.2 book value. That's just to start us off. Xebec is on the cusp of profitability after making mistakes that led it to trading where it is mistakes that have been rectified. It has fantastic revenue growth and is signing big contracts as well as doing business with very big

[WealthBuilder99]

I like what Xebec is doing but they are the least profitable and most expensive out of the sector currently. Significantly more expensive than ANRG on 2023/2024 earnings. ANRG is also trading at about 1x 2023 book value. ANRG has yet to shine as their 14 build/own/operate projects come online over the coming months and quarters. Cheers  

[Gann999]

1 times 2023 book value seriously are you even listening to yourself. Book value is what it is you can't just use some imaginary number you made up.

[WealthBuilder99]

It's a rough estimate in line with analyst estimates. We know their build schedule as the company deploys hundreds of millions in capex, so it's not "made up".  They are in the process of deploying $420m (about 1/3 already spent) over the next 12-18 months in 9 additional build/own/operate projects.    

[Gann999]

Cool good luck to you sir. We got spanked over at xebec.

[ferret_ca]

I agree with you here, plus for me ANRG has a proven mgmt team that's done it before whereas xbc is a bit of a mish mash of what the previous ceo put together plus a few leftovers from xbc's previous mis steps. anrg mgmt has way more skin in the game I haven't seen any insiders buying in xbc but it sure looks like they want to reward themselves handsomely otherwise. I'm not so

[ferret_ca]

the way it's trading you may not need any help getting that price, I'm hoping it goes even lower and I think it will, there is no support with a thin float so most probably more sellers than buyers for a while yet in this market, probably forced sellers sooner than later. I plan on building back a meaningful position and may nibble a little here and there but probably not for a while yet.

[RiceHammer4416]

I've been watching and watching. Was close to grabbing a small chunk today but I'm still waiting. Hard to get info about this company... Instill need to do a bit more research.