Its probably a combination of things - Recent bad press from ABC report on bankrupting people - Lev's ongoing defamation case - CFO stepping down on the last day of the financial year for no given reason - CCP buying Baycorp, making them an even bigger leader in the debt purchase market - Lev selling down his shareholding over the last few months and for the next few - Accounting concerns over at PNC having the potential to bring the amortized cost method for purchase debt into question
Will need to be a solid result for CLH to turn the sentiment around and not just made good with debt sales like last year.
CLH Price at posting:
$1.08 Sentiment: Sell Disclosure: Not Held