Something to think about: the last time REFR stock traded lower than this morning's low of $4.168, the current second-term US President's father was in office.
Yes, not since the waning days of the George H. Bush administration, January 13, 1993, when REFR touched $7 3/4, factoring to $4.1333 after the 1994 stock splits, has REFR traded as low as it has did this morning. That comes to a twelve-year low.
Yet, even at $4.168, that represents a valuation of 286 times trailing revenues, and a price-to-book of 22.3.
It should be painfully obvious by now that hedge fund buyers of February are now resigned to getting whatever they can for their shares. Which means the thought probably hasn't even occurred to the Type 3 group.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment