ATPG...The bloomberg article is BS IMO. I mean what the !%@!!@#% is this..."Fingers Crossed", “We just keep our fingers crossed that a miracle will happen.”, “We expect either bankruptcy or an announcement of some sort from somebody on a potential reorganization,” Bankruptcy?? Fingers Crossed? Sounds like someone is trying to instill fear into investors by planting seeds of doubt. I'm not saying the company is perfect, but until I hear different from ATPG, I'm guessing there is little chance of BK at this point in time and I doubt they'll miss any near term payment, but only time will tell. Just have a listen to ATPG's most recent cc... http://phx.corporate-ir.net/phoenix.zhtml?c=123846&p=irol-audioarchives
I'll sleep on things tonight, but I'm seriously thinking about buying into ATPG hard tomorrow if the stock price is still in the $1.50's like it was in AH's today. (or lower). If I'm wrong, I'll take my loses and move on. I remember all to well how debt was used as a fear tactic to drive down FTK to $1 and PBN.to (PBKEF) to the $5's. They both have recovered nicely since. Not saying ATPG is FTK or PBKEF, but IMO reward at these prices outweighs risk. Sure risk remains (such as oil prices collapsing), but I'm going to wait and hear from the company and not let a bloomberg article move me one way or the other. Spin the wheel...
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