Maxar Technologies Inc. T.MAXR

I warned everybody this was headed down the Nortel path

[Rosmorduc]

But nobody believed me.

An interesting statistic:
companies that have once traded above 100$ that go below 10$ have a 98% chance of going belly up.

[Scottvr2000]

Please, Source??

[Rosmorduc]

I read it in an investment book, just can't remember which one. 

[Scottvr2000]

Yeah sure. Fearmongering 

[BIGMOE]

Spruce Point Manageemnt report, they have shorted this stock for the last 10 months.  They have scam the investors: Spruce Report - $50 million EBITDA in 2018 but actual Maxar report $472 million EBITDA Spruce Report - Share price $20-$25 fair price in USA I am not sure why Maxar did not take a legal action agaiinst Spruce Point Manageemnt. Financial for 2019: Revenue - 2 Billion Debt- 3

[BlueHorseshoe02]

Today is last day of quarter for regular folks to panic/capitulate sell, tomorrow for institutions. Forced selling is always best time to buy. The absense of news is about the worst thing happening right now, because if MAXR comes out tomorrow and says they are running at a 15% return on revenues aka US$300m EBITDA on their US$2b of revenues the stock would recover fast. They are still getting

[Jasio0]

why is the market hating on them tho? They have enough cash on hand and from worldview 4 insurance to not go broke for the next 2 years or so and their assets are too valuable for this company to have a market cap sub 300m. What caused this massive drop since last week?

[PANAGONINVEST]

Probably because, as usual, the market and the smart money know more and or asume better than us retail investors. They think there is either more donwside or no upside for the time being, so they are keeping their money invested somewhere else. They usually don't buy a stock on its way down. They prefer to start buying when price recovery is more certain and sustainable, and not trying to

[BlueHorseshoe02]

Nah it's because there were large institutions that held this that when the company got removed from the TSX composite index or transferred to the US home base or because of divvy cut, they had to unload and these people don't have 50 shares to sell but 500k to millions which takes weeks and months to finally sell. End of quarter usually brings these guys selling pressure up to max because