All under performers merit only a single digit multiple and thats where its goinmg to stay until/if they stop under performing.
Its you and you are missing nothing.All under performers like brcd get the single digit multiple they merit.
Anybody with even an online degree in finance would know that you don't spend your dwindling cash resources to expand production when that production is coming online at a loss.
Don't take my word for it by any means.Just look at what happened last qtr when they took a fire ax to the guidance.When they lower guidance again on the 22nd the rally will once again commence.
Don't miss out now is the time to get on board before the guidance gets lowered again.
This overspending financially incompetent mngt team needs to be stopped by any means possible before it is too late and then replaced with a more conservative financially competent mngt team.
With only $40M in unrestricted cash left they are not all that far from being in a difficult financial position if they are allowed to continue with their reckless overspending on capex.
That is why the Radoff group should be supported to put a stop to this reckless overspending on capex that this financially incompetent mngt team has been doing and intends to continue to do until they are stopped by either the Radoff group or being put in cash critical financially dire position.Where the only remaining option is to draw down their line of credit.
Not to even mention this staggering amount of capex spending has gone on during a severe sector downturn when virtually all financially competent oil production companies are cutting their capex spending to the bone.
Because that is exactly what this company has done.
The saudis relish their executions.They have what is called chop square on all the major cities.Where after they behead somebody they leave the beheaded corpse there all day for all to see.
All the other candidates are talking about some type of amnesty and rewarding these foreign criminals for their illegal entry crimes.
Trump is the most reasonable candidate out their by saying if they entered our country illegally then they have to leave.
Whats unreasonable is not making these foreign criminals serve any jail time for their illegal entry crimes.Never mind rewarding them for their crimes and allowing them to stay.
For that reason alone micron should be bought hand over fist right now before the guidance gets lowered again and you miss out on that slam dunk money in the bank rally.
Many are not aware of this traders secret that micron is not like all other stocks.When they lower guidance they do not sell off like all other stocks in the known solar system.They instead have a tremendous rally.
The center of this religion the Koran directs them to kill the non believers every chance they get.So why wouldn't the devoted followers of this fanatical religion do what the koran tells them to do?
Thats why in the end the only real solution to stopping the muslims from killing the innocent non believers is for this plague of islam to be banned world wide for the fanatical religion that bit is.It has to be put in the same category as cannibalism and made an international crime to practice it.
My second call is Peter "the obnoxious troll" Schiff goes out his top floor window in a magnificent swan dive at $800 oz.
Anything the Radoff group can do to stop this financially incompetent mngt/bod from recklessly spending the company further into debt and a difficult financial position should be supported by the shareholders.