i've just read an s&p report on ascl. they have stated ascl is a hold. also, as of 8/13 ascl had repurchased 9,475,000 shares for the total price of 46.6 million. the price averages out to 4.91 a share.
You again have proven yourself as a first-rate dumbfuck. Let's see, 10,000,000 shares at a loss of roughly $15 million -- all in a two week span. ASCL can't even prop up its own stock. And you know why? Because nobody wants to invest in a company with an incompetent and corrupt BOD and management. A recommended hold position is like saying strong sell. I wouldn't be too proud of a company in this position. Just wait another month or so -- we'll be trading at less than a $1 and most likely delisted from the NASDAQ. Then the flurry of new lawsuits will begin, but to no avail. Own money by then will have been squandered.
<<You again have proven yourself as a first-rate dumbXXXX. Let's see, 10,000,000 shares at a loss of roughly $15 million -- all in a two week span. ASCL can't even prop up its own stock.
guru, First of all, your use of curse words is inexcusable and indefensible. You will be placed on ignore if you use further curse words. Second of all, the buyback is not and never has been for the purpose of propping up the stock. The purpose of the stock buyback is to increase the percentage of the company that each individual (remaining) share represents. Third, the opinion of market analysts has been increasingly under attack. Market analysts have no accountability. In most cases they are rating stocks so as to bring greater profits to the financial firms that they represent. All the facts will be known on October 23 when the quarterly report is issued. In the meantime you are for the most part simply blaming PG for fluctuations in the NASDAQ composite index closing day values.