Bought S yesterday - was cheap, got cheaper because of an event, IMHO.
Don't often do this, and don't advocate shorts, but I am at least perusing CNDS, which is the biggest loser on the Nas today - their last 10Q is amazing, laid out all the risk factors point blank. They have a large amount of indebtedness, have been continuously losing $$$, and the CEO today announced a restructuring, in which he stated equity holders "in such a restructuring, their equity stake in the company may be adversely affected." Am I missing something here, it looks like chap. 11 may be right around the corner, and common holders will get substantially less than its current price.
I have no position in CNDS, but wouldn't want to be long! |
