All-N-All I think they got some bad advice from Goldman over the pricing of the secondary offering.
For many institutional funds discounting the price at 5 dollars per share was a hugh mistake. The price of the float quickly dropped to the offering and many institutions were required to sell as the price fell below 5 dollars. Than as expected the quarter ended perhaps a little better than expected and they beat analysts expectations by 2 cents but the damage had already been done. In and around this time period the WTO ruling created some wait and see mentality and the market is waiting for some head-shake confirmation this market has rebounded and wont fall back into the previous abyss. Truthfully I believe the price held up better than one might have thought considering, fortunately some value stock buying stepped in and here we are.
With the build-out, expansion and commissioning behind us the expectation is 2014 will mark the beginning of positive revenues vs spending. Matched with a sales growth of +33.30% and the "industries" anticipated increase in buying demand, it's a combination of factors that will push this stock onward and upward.
Keep an eye on the charts and I'll keep an eye on the developing geopolitical catalysts.
As always JMHO
Docrew
Do the Due, this is not an endorsement to buy! Lets keep it real!! Good luck to all
AI
