Everyone around Tilson did you can bet on that. From $51.86 close on the Friday before the story to $27.79 at the low. I would bet his traders and friends made a bundle in a short period of time.
Rome wasn't built in a day neither will this stock be fixed. It will take time to evaluate future sales. It would appear the $27.79 may be the bottom for now. I sold at $37.45 from the recent purchases made some nice money. It retested the pre-market high so I got out for now I will keep this on my screen daily. Based on the CC this is a pretty reasonable move I believe.
All parties probably agreed to halt until the CC is over so traders can figure out what they need to do. It's actually a smart move it gives you time to evaluate the information.
How can they at this point? It's two weeks into this mess. The stock is actually green now and the Q1 revenue estimate is a slight miss which actually surprises me and they play to open new stores. If the presentation is believable this could be heading higher today but it's still a long day. Kudos to those who got in under $31 I almost jumped in but I will wait to see the show later.
You are right but at this point don't rub salt in the wounds to others. I sold almost all of my WLT at the end of 2014 to push against my year's gains and still held very little with a much lower cost average just in case they made it which it appears they won't. I tried to warn people here during the proxy fight to vote these bums out and the shares were much higher then.
Earnings estimates will be hit in the near-term so $75 is not reality but the mid $40's can happen if things go right. I believe it closed just under $52 the Friday before 60 Minutes so maybe that's possible to but unlikely right away. The customer loyalty has to be damaged in the short-term but can come back with facts supporting their products and a widespread ad campaign stating the facts. PR will be very important at first if they can show their products are safe.