The institutional imperative is keeping the SP where it is. Fund managers with billions that make up 85% of the market won't invest in a risky stock like WEB. But once the pandemic dies down the institutions will jump back in which will result in higher SP.
Individual retail investors like us won't even put a dent on the SP. As long as you know the intrinsic value of the business what's there to be scared of? The management team made a wise IMO to cap raise seeing the uncertainty for the year ahead otherwise WEB would go BK. They did cap raise to strengthen the balance sheet but I would be pissed off they they used the funds to pay off their $200M long term debt...then I would think the management is incapable. Debtjet is a good name but only if they're swimming in it. As far as I can tell if they return to normal which is years away, they can pay that off under 4 years of earnings which I am comfortable with as an investor.
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Last
$4.29 |
Change
0.090(2.14%) |
Mkt cap ! $1.683B |
Open | High | Low | Value | Volume |
$4.25 | $4.33 | $4.22 | $15.77M | 3.679M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 10746 | $4.29 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.30 | 11628 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 10746 | 4.290 |
6 | 22249 | 4.280 |
5 | 54241 | 4.270 |
4 | 6859 | 4.260 |
7 | 51894 | 4.250 |
Price($) | Vol. | No. |
---|---|---|
4.300 | 11628 | 1 |
4.310 | 34 | 1 |
4.320 | 3628 | 2 |
4.330 | 49539 | 5 |
4.340 | 1700 | 1 |
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