Anybody out there still and invested in this stock? Even though I have a small number of shares, I haven't really kept up with it. What do you think the prospects are for this company? In a laughable bit of cruelty, TDAmeritrade is currently showing the price per share at $40.93. It shows no volume traded, yet reports that as the opening price...clearly that is NOT correct. I almost had a heart attach when my account value tripled today when I logged in....too bad it wasn't for real and it was just this error.
It actually got quite a bit higher than $6 for a while....not sure if it closed above $6 on those days, but I'm guessing it did based on the prices of some of my ill-timed purchases. I bought shares at $7.50 on 5/20/2008, $7.10 on 5/27/2008, $7.15 also on 5/27/2008, and $6.35 on 6/6/2008. I was able to cost-average down quite a bit during the years since, to a point where I'm actually at a slight unrealized net gain at this point. Good luck fellow longs!
I'm going in further by purchasing call options. All things considered, they are very cheap. They could be worth a ton if this thing pops after the earnings announcement. This stock has been beaten down by 25-30% on no bad news. Even a move back up by 50% or so of the move down would be a nice profit!
Is this due to the selling of common stock on Friday the 17th? Thoughts? Anybody else out there invested in this? Any idea when preferred dividends will resume? How many quarters of dividends are we owed in arrears?