This company is worth more than the piddly premium being offered by WNR. Should be $30 - $35 share, otherwise, go fish... I think WNR is hoping to pickup NTI cheap when it's been temporarily beaten-down because of the unscheduled maintenance, but shareholders should not go for the current offer IMO, as it doesn't reflect the long term value/prospects for the company.
Zacks and TheStreet both rate it as a strong buy..
I read the reply from IR at NTI another person posted, replying to the request for more info on the 'unplanned maintenance'.
If someone wrote a handbook on good investor relations, the IR rep's arrogant, haughty reply could be used as a good example of how NOT to communicate with investors! "I don't comment on day to day operations" ???
Oh really, commenting on operations is beneath your dignity as a high-and-mighty IR director? You're supposed to be keeping investors informed and creating a warm-and-fuzzy feeling with investors and potential investors, not ALIENATING them with this kind of #$%$ and completely worthless communication.
A fifth-grader could be paid $50 per release to say 'unit 2 is broke' and to do the simple arithmetic to figure out what the hit for quarter's production would be - what do we need you for?
Investors naturally want more info, even if it's only to hear something like - 'I understand your desire to learn more about the expected time/cost required to do the unplanned maintenance, but our engineers tell us they are researching the issue and need more time to evaluate the situation. We will issue another press release when an estimate regarding downtime and costs can be established. Thank you".
That would at least let investors know that an estimate is being DEVELOPED, and importantly, it shows RESPECT INSTEAD OF DISDAIN for the investors.
It's called investor 'relations' not investor 'alienation'.. Learn your job and how to do it., otherwise you're being paid for no good reason...
I agree, more detail would be nice. It's very possible however that they didn't comment much however because they have to dig into the problem before they know if it's a big deal and will take a lot of time and money to fix, or whether it will be a fairly quick and inexpensive fix. But it certainly wouldn't hurt to end the release off by saying something like "We will keep investors informed on an ongoing basis as we learn more about the extent of maintenance required, and when a likely restart of the unit will be", instead of just saying 'it's down for unplanned maintenance' (over and out).