morning slabman. my take on short is he trys to campare bank or other sectors to e&p and thats apple vs oranges. i promised to be nicer about what not-a-short talks about so i'm sticking to that. buying assests on the cheap is not crazy its good business hey if i could buy a 20k car for 1k i'd jump like a bullfrog lololololo
MHR's growth has been via acquisition. This works only when you can buy good companies at cheap prices. It is not clear whether any of the companies they have bought have either good people or good assets. In fact, it is unclear whether the assets in place when Mr. Evans came aboard have much value.
So far MHR management has convinced quite a few analysts that the assets they have accumulated have substantial value. I am not so sure.