Thanks for that info David. Over the long run fundamentals trump manipulation, which also means manipulation provides opportunities for us innocent bystanders.
David - The earnings outlook is cloudy and volume tends to be light. I sold most of my shares around $3.20. I think HLTH will be back over $3 as their business plan looks for real. But their expense control (or lack thereof) was disappointing. So I will not place any big bets 0n HLTH but buys around $2.60 are tempting.
I finally saw why TA popped. A possible deal for CST to sell to Couche-Tard propelled TA. TA is not that much smaller and earns similar gross profits (but much smaller net profits). TA is 1/10th the market cap and 1/8th the EV. Just be patient longs.
I bought 14,000 shares during the recent price crash, but looked at recent volume and decided even the the stock had a good reason to bounce back to $3.40, there was not the volume/ interest to keep the price up. I sold 11,000 shares mostly around $3.30 and expect I may be adding one of these days in the low $2.80s or so. I am keeping an eye on this one, but dont want to hold large numbers of shares with volume so light.
I wonder if the market was disappointed with the comparison to the huge 4th quarter. And the lack of expense control was also an issue.
This looks like a very interesting possible growth story.I found some interesting stuff on seekingalpha, but yahoo's message board is too quiet. The crash in share price from the somewhat disappointing expense control and a glitch that slowed the filing of the 10Q created a great entry point.
TA has chosen to use sale leasebacks with HPT as the source for expansion cash, so while the balance sheet is not levered, the sale leasebacks are increasing rent. I wish they would borrow more and not use the sale leasebacks, but they have not asked my opinion. And fuel margins do not increase based on how high fuel prices are. They oscillate in a range of about 14 cents to 22 cents per gallon, give or take.
So it looks like the delay in filing the 10Q was an embarrassment but in the big picture a non-event. I just got in HLTH stock late yesterday and am feeling very good abot having bought shares on sale.
Very simple. The market recognizes that though not happening overnight, TA can't help but get its performance to book value. If management is below average they should at least be able to accomplish that. Book value equates to $13.90 share price. Even a poor accountant should be able to see this.