That only works when a company is in distress. This on isn't. It is more likely to look like flagstar bank FBC. They did a reverse split at 1.00 10/1 and rallied off it. (yes they were struggling with the financial crisis but at the time they announced the RS they were on the upswing which is why it rallied). It was a good little trade.
Hey, I thought his posts were useful... and the most important part He Was Right. He even told you when the bottom was in and should by... when he left. (serious about this last part he left at the bottom.)
There isn't a reason to expect improvement is there? I am long and will look to add when everyone flips out and the stock tanks on earnings... when they reveal a loss... which is the only thing that could possibly happen with oil this low correct?
Why? Take a look of the comparison 5 year chart of AUQ and HMY. HMY stock didn't perform better than AUQ for the last 5 years... what make you think they can get themselves together now? I will stay where I am at thanks. Disclosure I also own CDE.
I look at it like this. Cooperman pushed and held us up in the 3.30 area and he is selling/sold which brought it down. Historically it can go to 2.82 (2 year low). I guess the question is what is the end game for this stock. With the financials up to date and the FED in theory about to raise rates then its a take over target most likely by NLY as a defacto parent and just released book is 3.54. For those of us with a lot of stock probably don't add until it breaks below 3. Just make money on the div until the buyout.
PZG owner checking in. Majority ownership fcmi, he isn't going to sell his CDE stake at these prices. Most of the PZG investors are underwater and will try to make some of it back, those looking to get out altogether did so a while ago.
DRD has a 65 million dollar market cap. How exactly is that bigger than Auq? auq alone is 850 million in market cap?
True, however based on this question... from someone who either doesn't know or is really new here... it is the answer. Also when they started the 9cent divi program a couple years ago they said they wouldn't declare which part was return of capitol and which part was divi until the end of the year. I am not sure that they came current to divi on that or if its still running the same rate.
It had better be more than 10:1. 1.76 isn't high enough. If you did 30:1 you could get it to 5 dollars. If you are going to RS at least accomplish something while doing it. Plus they need more capital which they will issue shares for... you can't do that at 1.76.