NAV hasn't filed in so long I would guess that many funds with tight restrictions would have sold out by now. The chart is incredible, they've only had 4 down days since mid December, also they aren't delisted yet, they appealed. I personally think they will be delisted but until it happens many people will doubt it. There have also been takeover rumors which might keep it up but Man A.G. who was rumored to be a suitor decided to acquire Scania making it unlikely they would still be interested in NAV.
I agree there has been a lot of smoke but nobody has seen the fire yet. I find it very suspicious that they have had so many disagreements with auditors and still haven't filed.
Unfortunately the valuation looks extremely cheap. Many people put off buying it last year because they thought sales were up artificially because companies were trying to buy trucks before new environmental restrictions kicked in and demand was being pulled forward. However NAV claims business is still strong.
Bottom line until they file it's a crapshoot. If they are not lying through their teeth its a cheap stock, if they are look out below.
Flip a Coin! LOL.
"Talk is Cheap, it takes money to buy your freedom and the taxman is knocking on the door." from Carnival World by Jimmy Buffett.
AI
