HDSN - Things that make you go hmmm:
Peer M&A multiple implies Hudson 'significantly undervalued,' says Craig-Hallum
The Fly - Aug 18 09:23 EDT
Craig-Hallum reiterated a Buy rating and $12 price target on Hudson Technologies after A-Gas, its largest competitor, had a majority stake purchased by TPG. The firm believes this illustrates two primary points, namely that Hudson's valuation at under $500M is attractive on an absolute and relative basis, and that there is growing interest from strategic and financial investors to gain exposure to refrigerant lifecycle management.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.