I have 6000 shares at.585 average entry. If I bought another 6000 round .185,it'd give me an average of .385, right where Cathay Fortune reckon they'd pay! However, according to Morningstar, DML has a debt/equity ratio of 86%. If that is right, debt is around 200 million, though I think (from looking at the relevant graphic in Skaffold) DML may have paid down 20 or 30 million of that, so let's say debt's 175 million. The Cathay not-bid would just about pay that off...so where would that leave us (shareholders)? With nothing? Seems to me we need a SIGNIFICANTLY HIGHER BID than that to get our money back. Someone cluey, please - Am I reading this right? Is averageing down a good idea here?
DML Price at posting:
18.5¢ Sentiment: None Disclosure: Held
