Thoughts on ACB

0
0

What are your thoughts on acb?

they are really low now. Maybe a contrarian opportunity here?

Marked as spam
Asked on February 13, 2020 6:00 am
7 views
0
Private answer

They're low for a reason to be honest. sales dropped 26% quarter over quarter and the company pretty much said expect no growth moving forward next quarter.

They shaved off 500 jobs, 25% of them being corporate positions, and the company is running out of money.

Is there a chance the stock could go back up? Sure. But, at this point most people are just waiting for the next bad news release to come out.

I've known numerous people who've been up an absolute fortune (bought in the low $2's and refused to sell in the mid teens.) They still hold the stock today, despite losing 6 figures in profits. The worst part? They STILL think the stock is heading back to where it was.

It's a falling knife. And if you have a significant tolerance for risk and some extra capital you really want to gamble with, they may be worth taking a shot on. But, I'd keep expectations extremely, extremely low.

Money is tight, debts are piling up, and there just isn't much growth anymore.

Marked as spam
Posted by Dan Kent
Answered on February 13, 2020 9:19 am