If he times the market correctly? Nobody knows when we will see a rebound in the market, one can only hope it all pans out that way. As of now, everything is still pulling back.
Its because there really isn't anything positive going on right now. The price of oil has crashed, GDP has no wells up and running, but surprisingly, the PPS is holding on. Nothing really to talk about here.
This thing went from .12 to .40 with the same debt!!!! All commodities have been sinking, open your eyes. Gold should be the first commodity to rise, but it hasn't. Gold, silver, iron ore, oil, everything down! I'm long and strong BAA, but debt is not the reason this stock is so low.
Are you following the Yahoo target price? Thats worthless. I've seen stocks trading a .50 with a $50 price target. Safe to say it was finally adjusted and never went that high. Don't focus too much on the target price.
Lets look at the overall picture. Between Iran, China, and the NYSE glitch, the whole market went down. Not just FRO.
No complaints though, I love cheap shares!
The deal is this....all railroads have derailments almost everyday, its always been this way. Today CSX for example, likes to blame either the track dept. or T&E for each derailment, its never anything else. They sit back and decide who or what is going to take the blame. Up until a few years back, you rarely saw 100 car tank trains carrying nothing but highly flammable or explosive liquids. Today its crude oil and ethanol, this is now big news when a derailments happens because it involves evacuations. Blame it on the cars or the tracks, derailments have always been there.
Thanks nikkorott, I didn't know the new ticker symbol...lol I take it with a FRO merger, we will see a new ticker symbol here as well? Does anyone know if the value of current FRO shares will change?