Well, there are a lot of positives for this stock. All the bad news are out: Everyone hates it, ML downgraded it, investors have been bailing out, the books were cooked, and their auditors got fired. To top it off, it was suspended for two days, opens, and doesn't fall out of bed. That tells me that there are few people left to sell.
And they still have their technology intact, still have their family of launch vehicles, still have orbcomm, still have their satellite manufacturing, still have that backlog of contracts. And they have new auditors and a new 10q.
So it would appear to me that the risk/reward ratio may have peaked.
BWDIK |
