Join the club... got out higher for a loss, got back in lower on Tuesday only to see it dump even lower today. Wasting my time, not to mention my money, in the oil patch.
EBITDA of $2.6 million is a bit more than your silly $1.60 hypothetical. This stock had doubled or tripled in the past couple of years and you were bashing it then. Sure, you've been right all along, pretty funny fishlady. You should go into comedy since you can't be taken seriously.
No growth in sales? You obviously didn't listen to the conference call, view the earnings slides or read the report.
"Phoenix’s distribution company, Saybrus Partners', revenue grew 16% and EBITDA grew 35% from the second quarter of 2014. "
I've never seen a board with so many posters carrying such an obvious axe to grind. Or perhaps just one with multiple ID's. The bias in these posts, not to mention the bitterness, is blatant and the posts clearly lack objectivity. Just food for thought.
If I was a preferred holder, I'd be wondering why the GST bonds are trading at the 90 level when they were trading lower earlier in the year with arguably much less stress in the market. Perhaps because they are pricing in suspension of the preferred payments which means more cash available to pay bond interest? I don't know but the bond action and the preferred action are very different now then in March when oil hit the lows.
You play with fire by holding if there is a suspension. It will make the current bloodbath look like a paper cut.
Not offering advice. Just an observation.
I think highly of mgmt. and appreciate your post but do you really think they any mgmt. would ever tell you that they were releasing on a Friday afternoon because they had bad news they wanted the market participants to digest? I hope you are correct. On the bright side, our downside is now limited to a mere $1.66/share.
Per the latest SEC filing. Not a good day though to be a 5% holder.
We can't catch a break. Now S&P....a proven worthless rating agency... chimes in with a comment notwithstanding admittedly not having all the info yet....sheesh!
No, the subsidiaries paid out that money, not PNX. That settlement did not directly impact PNX's cash levels.
Agreed. This news is very bullish and I am surprised we didn't see a stronger positive reaction at the open although we got a nice swing by the close. Of course, there was some broader market headwinds to contend with yesterday and, so far, the same for today. I expect price to move steadily higher.
Cuz they sure ain't getting my consent again as long as they continue to show disrespect of investors by failing to provide timely info and fail to do anything to support share price.
I agree they should track down these hoaxers. Probably an initially bogus story from a bogus website and then a stale PR gets distributed. Let the cyber sleuths track down who posted these.
Last minute announcements for two presentations in the next two days. Hopefully management has decided to get aggressive in promoting itself in the wake of the share price decimation of late.