Just can't help myself, when given the opportunity of such a lob pitch of a question!
Dwindling assets. Years of poor performance. Stated book of $1.82, but aren't they also late in filing 10Qs? So, what is true book value? Stated cash per share of $1.62, but again....
I'd personally wait until some more blood is shed... SINCE YOU ASKED! VTA common has to be punished for being bad.
to be a problem. The last unaudited 10Q was for 3rd qtr. 2004. Forget the posted book value & cash on hand since those #s are based on the last report.
I can't think of anything other than a low pps that would entice anyone to buy it. Its long term prognosis is negative i.e. terminal.
You might want to hold those shares. While I can see that short term trades could be lucrative considering the volatility, I have a feeling (and a PREC14A) that says you might get priced out as the shares move higher. Right now, it's not an issue of 50%. It's an issue of 80%. I think 80% is going to win.
Just my two cents.... I'm long.
If you not a short, I am surprised as a smart investor that you would find yourself so emotionally involved with this stock. I have been tracking this one for about a year and you are by far the most active message poster. The point of my message was, shorting this stock has paid off for many. Howver, it takes a lot of guts to be short at this point given the current stock price and when so much bad news is built in. The risk of being short may not be worth the effort. The shorts at this point would have to bet that the company is no longer viable and that unknown negative news will evaporate the value of VTA's assets. That is a big bet.
to give all these pumpers that know nothing about the P & C business a dose of reality.
The point is that long range the company is no longer viable and hasn't been for some time. P & C companies that have a Best's rating of B & below are in a death spiral from which very few ever recover.
Good luck but I just don't see it.