Seriously, how can this name justify a 40+ multiple?
Huge debt load, dicey dealings, profits trapped overseas questionable growth.....
the only thing that propped up these shares were the shorts covering and that looks to be over.
New wave of hedgie shorts will drive this down to 50 by the end of October.
When I cover at 49 I will go out and buy a Tesla Roadster and I just want to thank the bagholders that bought my borrowed shares the other day at 69.25: Thanks dude.
Raymond James covers AMT with a STRONG BUY? Isn't that something.
Do you remember a stock called BIGT? Check it out please, it was called Pinnacle Holdings.
Raymond James had a BUY recommendation on BIGT too. Right up until the Chapter 11 filing.
Pinnacle Holdings was a tower company too. They had a lot of debt from acquisitions.
If you live long enough, you get to see everything. And some things twice.