How are A2M, Kogan, SZL, ZIP and OPY any different? They've all fallen from grace as well. For every huge success story, there are ten flops.
We expect corporate management to be high flying success stories, but like us, they're fallible.
The market took the PFS acquisition as good news, and the price ran from about $3 to a high of $5.71. Had the CBI issue not reared its ugly head, EML would have gone well above $6.
Sometimes, a deal is too good to be true, and the PFS deal could be such a case, or as another wise addage goes, "Sometimes the cheapest option ends up being the most expensive."
Important questions to ask are, can EML pull out of this dive?
Are there more skeletons in the closet we aren't aware of?
Is EML worth investing in going forward or are its best days behind it?
These are micro issues in light of the NASDAQ selling off with the month of May tipped to be the worst.
For those who want to sell and walk away, forget it ever happened. I hope you don't burn what you take off the table on a stock with perfect management.
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Last
79.5¢ |
Change
-0.010(1.24%) |
Mkt cap ! $302.0M |
Open | High | Low | Value | Volume |
80.5¢ | 80.8¢ | 79.5¢ | $282.9K | 353.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 53608 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
80.0¢ | 20297 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 57810 | 0.790 |
9 | 37713 | 0.785 |
7 | 39558 | 0.780 |
5 | 42427 | 0.775 |
11 | 191428 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.800 | 20297 | 7 |
0.805 | 48897 | 13 |
0.810 | 22921 | 9 |
0.815 | 32343 | 5 |
0.820 | 141146 | 6 |
Last trade - 12.28pm 22/08/2024 (20 minute delay) ? |
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