I reported before the slide that something peculiar was going on with KEM, must have been my third instinct; what we are witnessing might be an attempt to take this Co. private at a discounted price, I cannot think of anything else that could justify such a low price, not even a bad market, this is way over done IMO! I am a buyer at this level
robertbhs, I agree that this big drop is not just the weak overall market. This is way more than the market. Do you know how they could take the company private. What they would do with the stock holders. If one gets in here at $2.40 then what move they can make to take back the shares. I would assume they would need to make an offer above the market price.
All nonsense speculation....Kemet is worth $6+ a share DILUTED right now and more when the reorganization is completed. The company is in the best financial shape in 3+ years, NOTHING fundamentally has changed in the last 2 weeks that the PPS has collapsed other than fear that the MM have placed and drove the stock down after the run up on a great quarter.
Do what you wish with your shares, the MM will be glad to continue to take them from you, to say Kemet is getting taken private or being bought out at $2.50 a share is plane silly IMO!