It doesn't matter how good earnings are, the stock ALWAYS go lower! And Obama will kill the frackers!
let's hope that they continue to avoid a dividend payment, so shorting cost us nothing!!
I have a buy order in at 16.05.. Even if 16 breaks, I think that is a good long term buy and hold price. It will be at about 1.25x book value at that price which is a steep discount to its growth potential.
Hey Sellpig - I got to admit it, you were right for sticking with this one as a short. It doesn't apparently matter that there's a low P/E, if there's limited growth, no dividends and they're in the short-hair of the administration, the stock is destined to decline.