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Maxcom Telecomunicaciones S.A.B. de C.V. Message Board

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  • investorgold2002 investorgold2002 May 23, 2003 6:14 PM Flag

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    Anybody knows why this is still 15 mil. The fundamentals have improved. Now they are expecting profitability by the end of the year. Why is it shorted so much? Surprsingly there is no change from last month short interest?

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    • >>>The fundamentals have improved. Now they are expecting profitability by the end of the year. Why is it shorted so much? <<<

      Remember, the short interest was over 80%of the float when the company never had a loss and the expectations for earnings were for 1.90-2.05 -- can you really say things have improved since then because Metris is hoping to break even? What has changed much more then Metris' situation is the sentiment... This why you have such wide swings 10% up and down almost every day. Expectations have changed, but bad things still can happen.

      Whoever shorted Metris is not a small time gambler like myself-- being short on stock most likely offsets the risk of being long on bonds... Remember those floating Asset Backed Securities are worth billions -- in comparison total Metris market value is pocket change...

 

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