scathing article on seeking alpha this morning. suggests that defaulting soon is a strong possibility. still holding?
Until nxg shows up - a few quick points to ponder.
At over 1 bil why no Yhaoo MB yet?
43% insider ownership but make no money.
Paid basically loan shark rates for bonds they recently floated in this low rate environment.
Seems they can't execute inspite of a recent big business win.
I may get bhack to doing more DD. Not lookign too good so I haven't averaged down.
A note though. The best money to be made was when KLIC had terrible financials.
Setting on my hands with small position in NES, missing a MB over there, looking for other folks thoughts too. I may do more DD this week.
NES dropping like a stone on heavy volume.
50% off 52 week high.
52 week low.
It'll be interesting to see if he's averaging down, and if so based on what.