Seer,
I have been told to look at this stock as well basing on their NTA of 90cents
However a mate of mine says this value is based upon the last market transaction price meaning that the assets are overvalued
He thinks that the NTA should be more of 45 cents. Now if there are loan covenants that ar triggered and they are forced to firesale then NTA possibly 22.5 cents
I decided to wait for the overall market sentiment to return. Touching stocks like VPG is just too dangerous now and in short term
And for those who quote "be greedy when others are fearful and fearful when others are greedy" ....well maybe they are fearful because it may go bust. One quote does not fit all.
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