I am pleased with the small steps of acquiring new management and the same goes for the PR about cost containment. But it would have been nice to see a couple Qs ago. I will be very interested in the next Q numbers, or the details in the numbers. I bought shares today because I DO beleive in the company.
The idea of Pyatt selling shares at these prices isnt pleasant, but it looks like he had some clause written in that he was forced to sell a portion of shares. Still unfortunate.
The company is pretty silent, but things are bad it seems, so there might not be much to say. Id like to hear something about AMINO RTD though - the launch has been delayed a week with not a peep from the company.
I dont think the stock deserves to be in the 2s though. Hence my share purchase - ill figure out what my time horizon is after i see another Q. We need a 'cleaner' balance sheet
There is a lot of time for MSLP to right the ship. I am back into this stock at 2.65. The risk reward is too good.
I will be reading reports very closely and will be looking forward to the next earning call.
Brazil has been in a horrible recession for years and itll take time to recover. We can hope wins against the govt in the battle for the 3 hydro plants, but the Brazilian govt is corrupt and I dont think CIG has a chance. I think that is the main reason for the larger fall than most Brazilian companies, revenue issues are front and center.
I now have an average of $5.30 and will be buying more when there is more light on the situations - Brazil is coming out of recession no time soon, I think there is still 2-3 years for a decent recovery and Rouseff is the worst thing possible for the country. I will buy more in the coming months to get the average down, but I think this can head in the 1.50 range, it is still over a 2BIL$ company at these prices, granted their FCF generation is pretty large. I am not worried about the company long term, they have some smart people at the helm and when Brazil comes back, CIG can easily get back up to $10 in the next 5 years. Thats not a bad return.