I am thinking it may go sub $2 on Monday. The fact that their footprint in relation to number of stores went up considerably but sales did not seems to be a sizable red flag for me at this juncture and I personally can't see myself paying above $2 at an inflated P/E for a stock that is not showing decent growth in profit. Also how sustainable are the dividends moving forward? Will maybe buy some between $1.80 and $2 as I really need some better value here, before committing. Have been a holder in the past and did make some decent money , so know given the right environment that the company can improve its growth outlook, but to highly priced ATM for the current potential.
Christopher
AX1 Price at posting:
$2.05 Sentiment: Buy Disclosure: Not Held
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