Ummn, why would I want to invest in a company that destroyed its share holders value from $44 to $2.91? I am looking for a sincere answer on a message board..lol..lets see I get one or just a bunch of BS.
With no dividend.
This would a be a pure specualation play? I shall have to assume.
I understand if the BUY SIDE wants to drive it up to start unloading.
How do you figure that the company destroyed share holders value? We are in the worst recession since the great depression and the bottom fell out of the economy. When their is no demand for oil, drilling for oil slows down and this puts a downward pressure on oil prices as well as share holder value as the profit and revenue goes down.
I have said numerous times on this board, that Hero will not see a substantial increase in stock price until the company shows a profit. I believe we are very close to this happening soon. Now is the time to buy shares before the price moves up.
I'm with you. I got in two and half years ago as a comeback play. Not only have they NOT comeback but the stock has continued to suck because the company delivers nothing but promises year after year. I wouldn't recommend this one to anyone. I just hope to get my money back sometime in the next couple of years.