BLY boart longyear group ltd
Add to My Watchlist 0.00% ! $2.91

Just started buying this stock yesterday and today as I can't...

  1. bigal36
    2,861 Posts.
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    28/06/12
    12:23
    Post #: 10364665
    Just started buying this stock yesterday and today as I can't see why its currently this low.
    Maybe I'm missing something, I'm well aware of all the global problems but this stocks gone from $4.39 (28th Mar 2012) to $2.63 today (in 3 months) which is a 40% drop and the company hasn't issued any bad news. Forecast PE 5.9 for 2012 means I'm in.
    Short positions are only 6.3M or 1.3% of total shares so can't blame it on that.
    Can someone tell me what I'm missing here?
    BLY Price at posting: $2.64 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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