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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (41965)3/25/2011 11:12:42 AM
From: Madharry  Read Replies (1) of 78673
 
gfre: I could be wrong but I believe this is a situation where there are no buyers because of the fear and a motivated seller who had purchased up to 15% of the shares at some bargain price and is now blowing out their shares. I would also imagine that production has not been great in the current quarter because of managements unwillingness to provide guidness or do a Q&A despite being almost to the end of the quarter. however, at these prices assuming the cash is real, which would shock me if it werent, the company now sells for $3.80 net of cash and earned $1.50 last year. The company has also publicly stated that pricing remains strong and they believe it will continue to be so. so i speculate that on a worst case basis there is some production setback which i hope is temporary. I could be wrong but I am certainly staying in the stock at these levels.
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