This company has been straight forward saying bankruptsy was coming. They also said convert your line to Lnco and you could save yourself. Anyways I thought only line going bankrupt not Lnco.
So are both line and Lnco worthless Now?
You are right may go little lower, but I have been watching this for several years and 32 is good entry point. May go lower and will decide then if I need to buy more, of course could correct it self some through out the day too.
Well not sure if it is the right way to go or not but, I guess this company is not making me any money the way it is. I have not made anything and yet the ceo is getting a boat load. Okay hopefully it will change for the better and not right into bankruptcy!
So someone sent me straight because I'm usually a loser when it comes to bankruptsy. The parent company is claiming bankruptsy and yet our stock is not going to disappear in the reorg. If this is so, this is very unusual. Let me ask what are the chances of a court upholding this proposal and allowing common share holders survive? I have not been with a company where this has happened before!
To begin with this is moving up from old news and a like for the metals again. Sometime back, October maybe before the DOW advised SVM it did not satisfy requirements to be listed. Shorts had destroyed the stock price. The company answered back and said basically screw the DOW and delisted sticking with TJX. Then in December the company said they would buy roughly 16,000,000 shares back this year. So the company in order to accomplish that task has been buying about 48,000 shares a day. The most recent article I read said that shorts have decreased their holdings in the stock.
Anyways I do not know how high this will go but can only hope it keeps going
Sentiment: Strong Buy
That is a break even point. I cannot tell you if I will sell or where I will sell at. Company says ey are buying over 16 million shares this year. Although they did not say how much money the will spend on the buy back. So anyways no idea what to do once I am at break even.
Guess I am not the only one worried then. I sold most of mine at 2 something after I was stuck with 4 others stocks that dropped to .50 cents from 2
I have to admit this company has been good to me just playing in and out, catching the dividends. I just bought some more and will hold to see what happens