Post by
fundtrader on Aug 15, 2016 12:16pm
Market cap less then 450 million us $
Shares trading for less then 50 % annual revenues or less then annual cash flow. Margin calls are creating this huge sell off with shorters adding to the decline. Best time to pick up these shares are going to be today and most likely tomorrow.. Looking to free up some cash from my other investments and buying tons of shares today. Share price is beyond liquidation right now. They paid 3 billion $ + for Amco and thats actually doing very well. North American business is suffering a little bit but there is no reason for this to be trading in the 9 $ range.
Comment by
Craigbad on Aug 15, 2016 12:26pm
Like so many, you are forgetting debt holders come first. If debt holders are only expecting 70 cents on the dollar, the equity is probably worth ZERO.
Comment by
fundtrader on Aug 15, 2016 12:30pm
Sure Debtholders get paid first..SO what They paid of 200 million $ in the last quarter already..Go look at the financial Statements please Before making dumb comments on equity being 0