Now it's getting interesting for those of us who would like to buy in low and hold on for the long term.
If acx survives it may be a world beater in due course.
But where to buy in? Will it bottom in the mid to low $2 range?
When I pointed out the decrease in eps due to dilution I was ignored and even very recently before this current bad news uprampers were talking about the stellar total income ignoring the dilution once again.
I want this one in my portfolio before the price recovers, will keep an eye on its drop/deadcatbounce/drop/leveloff/climb scenario. Can see it back at $8 sometime, let's say 3 to 5 years.
ACX Price at posting:
$3.43 Sentiment: None Disclosure: Not Held