BDCO ($1.65) getting pummeled today, though it's not atypical for it to have one-day slams down. I've got about 1/10th left of my original size here, sold most in the high 2's. The prices for their products have changed quite a bit, and this company still has plenty of warts on it. Total control by one guy who doesn't talk to investors, tons of related party stuff, etc, forbearance agreement on the loans, etc, so I still consider it very speculative despite the low PE. CEO recently bought about $25k shares at $2.50. Has anyone found anything in the filings to make them optimistic? One of the ways I could possibly see earnings go up rather than down is if they were able to sell off some of their inventory, which I still don't understand why that number is so high and has stayed so high. But other than that, I'm not super optimistic about the next few Q's. But maybe CEO knows something.
