No love for CXDC. P/E 1.5 and P/B 14%. This is a stock that you would normally buy.
Buyout offer $5+ from 2017.
Morgan Stanley converted to 16M common shares and joined the minority shareholders. Instead of being a buyer for $5+ they could become a seller for $1.85. Probably not, but I have seen crazier things.
I think the stock could go lower. What a mess this sector.
So, I'm not going to do anything. Keep my HERB and some cash on the side.
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