InvestorsHub Logo
Followers 317
Posts 30111
Boards Moderated 1
Alias Born 08/29/2006

Re: tstockw post# 2506

Wednesday, 09/09/2009 9:50:26 PM

Wednesday, September 09, 2009 9:50:26 PM

Post# of 2594
That might natter if the company's market cap wasn't running at only 1/5 of sales. It is well known that they have suffered some problems which are endemic to the auto industry. That is why the stock has fallen from 60 cents down to 2 cents. The decline has not come from dilution, but rather through uncertainty.

At a market cap of less than 2 million dollars, this stock's downside move seems overdone in a big way --especially since they have said they now see signs that things are beginning to improve again. At only one times current depressed sales, this stock would be trading north of 10 cents.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.