Earnings were supposed to be released after market close today.
Evidently they are being withheld for some reason. Is VNR afraid to release the results? I hope not.
I think weird action was insiders trying to keep share price from ending negative.
Aspire Capital agreed to buy $25 mil at whatever price on 1/15/13
Likely this agreement will keep the secondary price from going much lower than $5.25 and Aspire will keep the shares they purchase.
I think $5.25 is basically a floor for SSH for the near future.
What bad news?
Lower fuel costs, larger Asian market, direct flights from NY, new fuel efficient planes; these are all positives.
I think the share price dropped because some big fund had to rebalance holdings. Happens all the time with HA. I've been in and out of HA many times over the years. t's a good hedge against oil.
Fairly priced right now.