overbought and overvalued
This stock should be trading around $56/pps. What's going on ?
You sure about that ? investors are #$%$ right now and book runners won't pickup those additional 900,000 shares above 27 - so why should I.
GE and Verge did the financing - no subsidies needed.
Avian says "difficult to quantify the exposure and we will need to wait to hear from the management team,” he writes. ”We recognize that the ‘core plate’ problem relates to a batch of modules made several years ago, but we must also recognize the negative sentiment that will permeate across the Street. We are downgrading our rating until we can hear from management and #$%$ the financial exposure due to warranty claims. We have made no changes to our model.”
Why didn't Avian just call and ask the company if this issue was resolved first before issuing a downgrade. They wanted the stock to drop so their pals could cover before great earnings....