I really don't understand this company. If you read the report, it seems like all is very good, but the earnings loss is not mentioned. They do have a positive/growing EBITA, so it's unclear what is going on with the earnings. Can anyone explain?
He would have to submit a takeover bid, which is slightly different than "He will soon have to take it over". He buys distressed and undervalued companies, not always the same thing.
JP is a west coast billionaire who buys distressed companies and turns them around. He has been buying JE debt, then equity, for years now. He will soon have to take it over as his share ownership is about to hit the mandatory take over level.(he owns 16%, and TO limit is 20% )
JUST ENERGY is probably the worst trade this month! Had to lean on the guys over at Ultimate Stock Alerts (search Google for them) for support