misguided shorts actually believe their own rubbish... and invest with it... they must have such massive losses!!!!
tonyhouz's diatribe, repetitive and overemphasized to scare uncertain investors...8 red flags indeed! " flag 3:
"...stockholder equity 30M and Market Capitalization 136M, the company's price/book ratio is now 4.5, so stockholders are paying $4.5 for $1 value now."
Well what wrong with that?
What , do you want a stock at 1$ for 1$, or even better a bargain 0.10c for 1$ !! may be at a lemonade stand on the street corner!?
Most stocks have P/E's of 17 i.e. 17$ for 1$,
IMH is in fact VERY cheap by this standard!!! at only $4.5 for 1$
What tonyhouz fails dismally to understand is that the stock market prices in FUTURE earnings, and very really trades on old /today's data.
Yes there is a fiscal cliff facing USA and rest of world, but the housing market has bottomed out , and people are realizing now is the time to buy an affordable property that probably will double in in 10or so years... And i don think we aren't going off any cliff in next 3-6 months, thats just my own opinion, could be wrong however.......