CNBC just announced. Down huge. Going to zero. I have seen this before. One last big run up and then boom they announce bankruptcy....
This company supplies the energy for 10% of the countries electricity. Can they survive, merge, refinance?? They are priced for bankruptcy. 140 million. Just a gamble I guess.
Solid company. A buy from here.
Should start to recover by mid summer in anticipation of the fall elections which the republicans will take the senate back.
Q1 earnings are expected to be announced after market hours on 5/29/14Estimates: 0.250 | 0.245 | 0.240 (High | Mean | Low) on etrade site. Does not mean it is accurate.
I think we could see some news soon.
And these people save and invest. The Chinese market will go through ups and downs but it will be a GREAT long term investment.
Would not worry too much until then.