In the latest Cyan funds management newsletter sent out on Sept 11th they said...
"...investors took a cane to the stock due to a change in its arrears recognition policy, which, on the face of it, appeared like bad debts might be increasing. With any lending business, the market tends to take a 'shoot first, ask questions later' approach and this has certainly been the case with AXL. We have been in deep discussions with the company and expect, with increased clarity in the coming weeks, the stock to rebound in the near-term."
Maybe they know something we don't and it could be good news after all!
AXL Price at posting:
$1.63 Sentiment: Hold Disclosure: Held
