Cap raising is certain, if they can get it away, BLY is like the boy who cried wolf, it went to market in 2007 highly geared for a cyclical stock. It raised capital soon after because it was going broke to pay off it's debts. Management learned zero from this exercise, they just went and geared to silly levels again. Due to the cyclical nature of this industry the BIZ should have ZERO debt. This one very very sick puppy and if I could short now I would. It's going to zero IMHO!
BLY Price at posting:
23.0¢ Sentiment: Sell Disclosure: Not Held
