that's about the dumbest thing i've ever heard. you value their stock at basic insolvency, then you own their debt. good luck in life cuz your gonna neeed it!!!!!
you give a bad name to CPA's. stop talking and putting your foot in your mouth. this company is CLEARLY worth at least $10/share in a buyout and that depressed price would only be due to this depressed overall market. fair value is $14-$15 OR MORE and you can't prove your $2 in no way shape or form.
did you ever hear of the price/book ratio? you can look at a company's book value and render it a starting point for what a suitor would pay for the company. its the value of their net assets basically. sometimes it is skewed to the upside with large amounts of "goodwill". that is not the case here. TA is trading at about 0.45 price/book. combine that with lower gas prices putting more money into a consumers pocket for higher margin products when they go to fill up and you have quite the perfect storm brewing here. also, as the past bears out, falling gas prices lead to HIGHER margins.
give me a reason why this is a $2 stock that has logic to it. this is one stock that should be bucking the downtrend because of the cheap price of gas and the fact that they are entirely based in the U.S.A. and have no exposure to china, europe, lat am, etc.
book value might be just the thing that results in the stock rising by eod tomorrow. amateur hour once they open for trading tonight.
Everyone should step back a little and look at the big picture. This is a company with all of its business in the USA, the best place in the world to put your money. There cant be much downward room left simply based on the market cap and the p/b, regardless of what this quarters earnings are. But i believe this q's earnings will be rock solid as last years were in a similar falling oil environment.
TNK did up their divy substantially and it is actually performing worse than TNP, so i don't believe that's the reason for the poor performance.
i see that Eagle Asset Management filed a 13G today. looks like they picked up a significant number of new shares as compared to their 9/30 holdings (over 1.3 million new shares to bring their holding to 5.5. million)
this is ridiculous. where's the news? or is there a Seeking Alpha article coming out and this is just the pre-shorting going on?
if you want to make 80% on your portfolio this year, go all in TA right now. we'll see at least $12 on this in 2016 because the tide will turn soon, and at the latest when earnings for Q4 are released.
they are busy building it folks. can't be held down much longer.
not only that, the daily time on site is up 46% from 30 days ago and the number of page views is up 30%. also, the % of visits that come from search engines is down 53%, which tells me that people are visiting their site with a purpose.