AirBoss of America Corp T.BOS

What happened today?

[Dogsbreakfast4U]

I don't see any news for this 15% drop. Does anyone know?

[Dunworkin2]

I can only assume that their record first quarter results will be followed by a not so great second quarter. They hinted as much in the Q1 commentary. That huge US defense glove contract wrapped up and while the pipeline remains robust, they haven't announced any new large contracts.  Share price has been going downhill skiing for last 3 months, low float (27 million shares), and selling

[Dogsbreakfast4U]

Thanks for the useful input.

[McRambus]

Actually, analyst targets were in the $50 range. Now taken down to the $30 range and soon to be taken down to the single digit range when this turkey goes to $4.00 where it started. No contracts, no new business. Nothing but silence from management. Will short more if it bounces.

[Dogsbreakfast4U]

Looks like it's going to $10!

[Stakhano]

A bit late to reply. This story from the Globe& Mail citing an analyst from Stifel seems the reason. Basically, a downgrade from an analyst. Globe & Mail June 22, 2022 Stifel analyst Maggie MacDougall expects AirBoss of America (BOS-T) to feel the impact of delays in U.S. defense spending after the U.K.-based peer Avon Protection warned its first-half results will fall below its