Post by
Rosmorduc on Mar 07, 2019 9:15am
Reminds me of Nortel
Walks like a duck
Talks like a duck
It is a duck
Company books are a mess and there are major debt convenants due in 2021.
It's trading as low as it is for a reason.
Bouce-back? Maybe a dead cat bounce play at some point but I wouldn't be holding this as a long term investment.
Space Systems Loral (now part of Maxar) went belly up also a couple of years back and shareholders got whiped. Legal robbery.
Comment by
frankthetank007 on Mar 07, 2019 10:37am
Investors make me laugh. Maxr is trading at bankruptcy price or below liquidation price. A market cap of 280 million when it was a 8 billion dollar company a year plus ago. There's only 280 million to go 95 percent in value wiped out. Sure this could go to zero but would be liquidated or bailed out before IMO.