Why is this company tanking ? Obviously the market action is mostly responsible, but other stocks are doing well in this climate. I have not been able to find any bad news whatsoever. Why so much so quickly ?? Anyone???
The problem is there is going to be no news for the rest of the year. So, it is not illogical to sell the stock, invest in something else, then come back at the end of the year. Feels like dead money to me. This stock will evently work, but nothing is going to drive it near-term.
As you know I followed you here from the CBST board. I appreciate what I consider to be your cleared eyed analysis. I especially appreciate the fact that you are a long term bull but do not feel compelled to tout BMTI despite the absence of short term catalysts.
In November, BMTI got down to around $10. This is where I am considering making an initial investment. Any thoughts? At what price do you consider BMTI to be a compelling value? Any other thoughts or recommendations?