Hiya, InfoStream,
Not sure if you're looking long or short here. In any case, I just tried the link and got the usual page. At 6:30 on a Sunday morning, it would not surprise me if they were doing site maintenance of some kind. It appears that's what happened. A call to IR would clear it up for sure.
I think this one will be a survivor -- they didn't get great terms on the secondary, but they got one and sold the overallotment, too -- as it's got the infrastructure and its pure play competitors such PLRX are falling by the wayside even harder (largely because they missed the financing window). They have to build a bigger market, though, and it's going to take longer than many thought, and cost a bit more.
This realization has knocked the price to its current levels, at which I write calls on spikes and wait, but I think downside is limited. Per the above comments, so is upside for a while.
So unless you're a call writer or a micro-swing trader, there's likely better fish for you to fry for now. If it's going out of business, it's going to be at least a year before we know, IMHO.
Happy trading.
Cheers, Tuck |
