SelTzer flooding is temporary event. This thing is not going to be under water forever which just maybe presents opportunities for investors that can see beyond the tip of their nose.
By the way If you annualise the 1Q results the company is traded at 4 PE which I would completely disagree with you that is overvalued. In addition there are less than 80 million shares floating out there since BF holds over 60 million himself.
One more correction of what you said stock price reflects not only the company current performance, but also future (expected) performance and with more well coming in the pipeline this Company production will go only one way UP.
Last but not least if you don't think this stock is a good investment What Are You Doing Here?
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