Skc,
I decided to stock pick in the end. After crunching the numbers and looking at some statistics (average earnings, Altman Z score, Piotroski F score, etc) I decided to go with NWH on Friday last week. Purchase price was 142.5 cents with a holding timeframe of up to 6 months or a reasonable return. Time will tell.
BLY is interesting. I did some checks (again) and my expected value calculation result was 0.40 (i.e. probability of bankruptcy X payoff + probability of takeover x payoff + probability of no turnaround x payoff + probability of turnaround x payoff). I am in agreement with ROE about the upside but personally just not willing to hold the stock.
If ASL keeps dropping I will be interested…I love these mining services stocks at the moment.
Cheers
Oddson
The sudden drop in BLY price today was just too tempting and I changed my mind! I have decided to spend a few nights onboard the sail boat "Boart Longyear", suspect I am going to be in for a few rough nights. In at $0.96 and not going to stay long.
ASL has gone into a trading halt. Earnings guidance to be released to the market.
Cheers
Not a sudden drop. It was a readthru from the ASL announcement.
BLY did provide an earning update last year and the stock actually rallied after opening lower, as the update wasn't as bad as the market had expected.
ASL has fallen heavily leading up to this halt, so watch the action carefully. It may behave like BLY or it may behave like CGH.
Not a sudden drop. It was a readthru from the ASL announcement.
BLY did provide an earning update last year and the stock actually rallied after opening lower, as the update wasn't as bad as the market had expected.
ASL has fallen heavily leading up to this halt, so watch the action carefully. It may behave like BLY or it may behave like CGH.
UGL and SDM profit warning today. There was no place to hide...
UGL -17%
EHL -10.1%
TSE -8.5%
ALQ -7.96%
MND -7.44%
FGE -7.7%
BLY -6.78%
ASL -6.75%
DOW -6.05% (even though they reaffirmed guidance just last week)
SVW -5.8%
NWH -5.36%
DCG -5.72%
CDD -4.88%
LEI -4%
UGL and SDM profit warning today. There was no place to hide...
UGL -17%
EHL -10.1%
TSE -8.5%
ALQ -7.96%
MND -7.44%
FGE -7.7%
BLY -6.78%
ASL -6.75%
DOW -6.05% (even though they reaffirmed guidance just last week)
SVW -5.8%
NWH -5.36%
DCG -5.72%
CDD -4.88%
LEI -4%
Same with me... I have been buying under $10.00, added even more today. Still think it's cheap if you value all of the segments separately and apply reasonable assumptions to each for the long-term.I did my bit in trying to support UGL. Didn't work though.
Just my two cents worth, it could be beneficial to look on that list for no debt and lots of cash on hand, I still hold FGE and while I won't be buying more at the moment selling is not on the agenda either. There should be some consolidation in this sector in the future.
Are you not tempted yet?
Same with me... I have been buying under $10.00, added even more today. Still think it's cheap if you value all of the segments separately and apply reasonable assumptions to each for the long-term.
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