firm moves from Hold to Buy today @ $11.02 closing price yesterday. probably explains why they worked over the book yesterday down to $10.50 area, scooping up the weak.
from hold to buy
this is then end of XONE. just look at the financial data. only foolish rookies buy this type of trash
dont be stupid. there are better opportunities out there. everything is working against these guys.
cummins engine was cut to SELL by citibank.
while they may not need the cash today, if the equity markets turn down next year, raising cash will be more difficult. seems they are getting ahead of a potential problem and setting up 2017. all small companies eventually raise cash.
it is a GOAL, not an absolute. and if you wanted to know why, get on the conf call and ask.