love when posters say " shorting into the weekend" LOL
It's like it gives them a sense of trading size and as if a political or military event will hit DMND over the weekend.. LOl ....BUT it is a good call to short for following reasons 1) stock successfully tested feb lows and bouncing 2) stock is trading ( including its debt) below the purchase price( many many years ago) of kettle and Pop secrets alone 3) management will speak on Wednesday to Sun trust and most importantly 4) high probability that DMND will refinance its 225 million oaktree debt over next 3- 4 weeks which will save them 10 to 15 million per year...
" 2) stock is trading ( including its debt) below the purchase price( many many years ago) of kettle and Pop secrets alone "
Yes, like I posted, "Big question is will the stock price fall until "Pop Secret" alone is worth more than the company shares?"
cleto487 you listed good reasons, but there are more. DMND is not you're ordinary stock for Shorts. There are reasons I won't list for the Shorts to read, because I doubt that many even have a hint. If they do, they've decided to chance it knowing the odds are heavily in their disfavor.
Shorts have only started to burn. Shorts are burnt toast.