I agree lazxster. The Seligs are very shrewd and know their industry well, they made a motza selling the business to private equity in the 2000's and then bought it back for peanuts after PE bailed out. It has tracked solidly since listing with pretty good fundamentals.
Ovato is their only competitor in the Catalogue/magazine market, and if OVT were about to tip over before this carnage hit (HY report auditor noted uncertainty of the business continuing as a going concern) then they will be right on top of the wall now, this would effectively leave Ive a monopoly.
Issuing a profit downgrade this early into uncertain times wouldn't make sense. I'll await this announcement with baited breath.
Ann: Trading Halt, page-8
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Last
$2.06 |
Change
0.060(3.00%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| $2.02 | $2.06 | $2.00 | $750.7K | 369.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3930 | $2.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.06 | 6350 | 2 |
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