Yes Mike, listen to LONGTIMEFOLLOWER.... He used the same logic to buy GM, Bear Strens, Lehman Brothers, ABK, Circut City and so on. You should be just like him Mike. He is wise to buy a stock that at Dow 11,250, is trading 20 cents above its 52 week low, even though, last quarter the company pulled a magic unicorn out of their AAZZES and reported much better numbers.
Keep up the great posts. When logic doesn't work, talk about Lehman Brothers, whatever that has to do with anything...LOL
Here is a list of things you shouldn't bring up sev: 1. Hero has a current ratio of 2 2. Hero has over a $1 cash per share 3. Hero has total equity of $936,000,000 ($8.20 per share) 4. Hero posted a 15M loss during an almost permit-less quarter when they lost 35M in their domestic offshore business.
Well, since I still own a lot of this dogschitt I certainly hope he is right. It's probably much more likely that he's not. A company that reports losing millions of dollars quarter after quarter doesn't really have any "fundamentals." The stock can't even break 2.40. It's pitiful.
I prefer to let the fundamentals decide for me where a stock "is going." You let your own emotions, and disappointment with your losses in the stock determine it. I get excited by stock prices that are low, when it is unjustified. To me, that is opportunity. But, I guess that's the difference between me and you: I like to do a comparison between a company and the rest of the companies in its field. When I see drastic differentials, like with HERO, I know I am on the right track, and prepared to "sit tight."