We won't get to 20 cents today...too much selling yet. However, next week will see a change of sentiment after they have not filed bk. In the Q is says "The company considered bk" Really? no kidding. Wow, never even thought that was on the radar screen.
But the full quote reads "The company considered bk- but did not seek out the protection on 10-29" Or course they talked about BK- everyone else has for months. But they are not doing it. There is a reason for that!
That's why it peaves me greatly. Today is the day to buy- not next Monday- or the next Monday or after the next Fed 1/4 pt cut or after some glimmer of hope surfaces. My bad for not waiting just one more day!
Yes, because the bondholders all want to own a home building company right now. The timing is perfect to own a home building company. How STUPID does that sound. They want to foreclose on this turd and get whatever they can.