Why are ESI shares rising?
Why are ESI shares rising - although I have to say a jump from $31 to $37 isn't much when the shares just declined from $57 in July? Did shares finally go to a level that is cheap enough (3 times earnings and 1.8 times EV/EBITDA) such that some value buyers are stepping up? Who knows. I did see the short interest declined again to a figure below 7 million.