It will keep "bleeding" until there is a catalyst or some good news (i.e. zinc prices recover, their plant is online and fully functional, an acquisition or any other piece of positive news) - Just hope we don't see 2's or 1's any time soon
Nicely played PBF management - nicely played. Hope the stock likes the fantastic financial update more than the dilutive stock offering. They gotta pay for Torrance...so market should be ok with some minor dilution - market has been expecting this offering since deal was announced.
Yeah - can't see what would stop it...why not $1.50. The stock is down over 75% in less than 3 months. Mind boggling. The question is, when do you start running after it? Can't see them going belly up any time soon
Throwing the baby out with the bathwater - end of quarter selling - hedge funds and other investors selling losers - why not get rid of it? no light at the end of the tunnel for zinc and other commodities.
thanks - just read it - not very reassuring but I guess it is what it is. "Heads I win, Tails I don't lose much" does not really seem to apply here - he lost over 50% so far. If zinc prices keep plummeting, stock will be in even more trouble
Not looking great for the ZINCster - heavy heavy selling pressure - surprised a bit that Pabrai would make such a lousy bet - third largest position in his fund. Who knows, he might be the one selling and bringing it DOWN. Where was the 'margin of safety' on this one? Where is the moat? He is married to it now - doubt he's the one doing the selling
Ok folks...It's official - we are fully divorced of the fundamentals now. Market up, we're down, market down, we're up. Maybe another session or two before we fall back in line
Average Volume (10 days) for BXE is 372,000 shares. The volume today is 12.075M shares. Guys - this is NOT normal. over 32x normal volume is certifiably NUTS. Not sure when last happened with BXE but not recently.
or someone is munching on some serious shares last few days to make it move north in UP or DOWN environments!!! Klarman...is this you???? Don't be shy! Inquiring minds want to know
2015 will be a profitable year - EBITDA over $200M - EPS over 50 cents / share in 2015 going to 80c next year. That's BEFORE ULA comes on board. What's not to love?
A gem of a company and no one here to praise the phenomenal management it has and the great assembly of acquisitions taking place here. Long time shareholder - here's hoping to the WSJ rumor being true (acquisition of ULA) - and crossing fingers that if true, it will stand the scrutiny of the DoD - although such deals would typically not take even ONE step forward until the proper DoD 'nod' is already given
Sentiment: Strong Buy