Post by
Stratocheif on Jul 29, 2022 11:25am
NOBODY WANTS THIS. Simple supply vs demand
Stock 40cents, bonds trading for .74 and .45. Its not only confused retail investors. There's a lot of investing professionals watching this closely I'm sure. One doesn't have to dig deep into thier statements and reports. Only look at the sp and bond prices. Nobody, professionals included don't want this company. They see too much risk. It dont matter how they may be doing at the moment. A stock or a bond is like a used car or a house or whatever,...even it it looks good, if there are no buyers, the price comes down. Unfortunately. I had my portfolio of about 20 resource stocks reviewed by a famous resource investor..won't mention his name because maybe it's not right to do so. He rated them all on a scale or 1 to 10 and gave advice where appropriate. Most were 6, 5, 4 and so on. When it came to sherritt, he put " no comment"" lol. I had to laugh
Comment by
Ernieandbert on Jul 29, 2022 11:46am
All true, and the fact it is orphaned, is exactly why I like it and why the FCF will force buyers or a single buyer into this thing, at some point. Not well-researched, orhpaned, restructured cos have been my most impactful investments throughout a distressed investing career spanning over 30 years. And PIK bonds went 51.5 bid this morning at the open.
Comment by
FCPlady on Jul 30, 2022 3:12pm
We shouldn't have to wait for new investors or a buyer to take a shine on S. That's the job of the CEO and IR. When was the last time S was on BNN or had an article in the Globe? Pathe was still CEO . S will never be a meme stock, but a bit of promotion could jumpstart the shareprice.