sadly it's my current dog after I tossed PSA several months ago. AMU hasn't been able to increase its cashflow, has increased costs that it says it can't do anything about (news which came out suddenly and was obviously what pushed the stock down in the weeks leading to AMUs announcement on the issue), obviously has no intention of paying back its large loan in anything like a reasonable timeframe, and doesn't have any prospects that are individually large enough to really inflame the market. Add to that it's pumped a lot into ARFuels which has gone seriously backwards since the Fed Govt took an interest in harming biodiesels.
Having said that, I also feel AMU is undervalued and I'm hoping for a rebound at some point soonish, hopefully after some tax selling, so I can break even, or maybe even make a small gain. I can't see many bargains in the oil/gas sector atm so I might as well hang in on AMU for a little longer.
Add to My Watchlist
What is My Watchlist?