gotta admit this is now starting to look a bit ridiculous...either the buy of the century or the bust of the century is coming up...I'm really hoping we're close to the bottom here, but, of course, if they go through with the planned acquisition, there will be no bottom until zero. Nonetheless, probably a good risk/reward profile is already here.
im sure some entities would love to take over SID's assets...I bet the debt will come in the form of a new bond offer, not straight bank debt. The bondholders will become the new shareholders once we're totally wiped out here.
Going much lower from here, this is a perfect bottomless pit. One of the worst stocks to own for the past few years I would bet. Wonder how soon this trash goes into the $1's range?
I'd say there is 65% BK within a few years if this event takes place. Could even trade down into the $1's to reflect this. Are these people seriously out of their mind or what??? No regard whatsoever for the true owners of this company...wow, how sad.
way too much debt. Pay the debt down first before any buy backs. They also need the cash because there is a high chance of big losses for the year and large cash burn. Makes no sense to buy any stock when the market is telling us this company is almost bankrupt.
lol this was in a positive market...lets see what happens when the market cools off a bit. My guess is that the sellers come back with large volume. I hope it has found a bottom but its really hard for me to believe at this point.
Where did you get that info? Also, even if he were, that doesnt justify his incompetence in running this company into the ground.
theyre working on handing over the company to the debt holders. I wonder who are the large holders of the bonds? probably some local Brazilian funds run by management's buddies...and Im sure they'd love to take over these assets...something really stinks here this stock action is absolutely terrible and telling investors to stay the heck away from this disaster. I was hoping mid $3's would be the bottom, but this is a bottomless pit it seems, going into the $2's almost a given now.
thats why there is a very high bankruptcy potential with this very mismanaged company. The management must be completely out of their mind if they think they can tackle on more debt as the company's fundamentals have completely deteriorated over the past few years. either that, or management is somehow incentivized to wipe out the current shareholders and make the current debt holders the new owners of the company. Otherwise, management's intentions are pretty much impossible to explain here.
once fraud is discovered on this then it might be at 10 cents in a day, not just $4 LOL. The market clearly indicating this is a fraud, stocks dont trade at 2x P/E's, companies dont pile on 13% debt when the balance sheet is showing hundreds of millions in cash, and CFO's dont suddently retire during the company's best growth years roflmao...all this really stinks and the market knows something is just not quite right...
dangerous game man...the stock is worth $5 at most, yet they may create another tsla here and bring this up to $50 just on a pure, massive short squeeze...who knows. Of course longer term this will trade in the low single digits, but no one cares about long term anymore.
I was just venting on SUMR as i bought it at 2.50 just weeks before it dropped all the way from 3.30 to the 2.20's...was just #$%$ that all the gains were gone. I'm very bullish in the sumr story actually. Not so much with SID.
what? I've been negative on this stock since $6 already...if you would have shorted, thats a 50% return LOL as the stock is down huge ever since I've criticized this "investment". Just wondering what the hell you're talking about??
Net income DOWN 30% yoy..WOW what a blow. Going to $0.50 or less. Where is this so-called "buyout" ????? This thing smells like FRAUD to me all over the place...sorry for the honesty.
Adjusted ebitda down 19% yoy, adjusted net debt up 14% (net debt/ebitda now at 3.75x haha!!!), margins down even further, net income is almost non-existent, outlook very modest...basically yet another ATROCIOUS report. IF they end up with that acquisition they're planning, this company is 100% BANKRUPT. Expect the stock to be in the mid $2's very soon following this disaster LOL!!!!!!