I spoke with them a couple of days ago. Don’t expect much beyond it’s an illiquid stock and this can happen. The business seems to be fine and operating according to plan.
valunvstr
Posts (22)
2700 on yet another lower ask. Good luck Atlas. Just no buyers even at these prices. Guess I’m the only one.
Drip drip drip lower on the ask. Same with the bid.
And wouldn’t be too hopeful today. Sellers keep fighting over themselves to get a lower ask on while buyers aren’t budging on their bids. And once their bid gets hit the next lower bid brings the spread down.
Nice day? Up 2%? The spread is so huge that even when it’s up ten if someone hits the bid it take 7% off the price.
Bought more at 6.48-6.5 and 6.23-6.25. In addition to an average cost prior to that purchase of 7.58 with buys all the way down to 5.15 in March. This is nuts folks. I don’t know how many times investors get this kind of opportunity with a high quality company that is broadly diversified in a relatively defensive business. It’s CrazyTown USA.
Yeah that matters in a stock this illiquid. Go ahead and short it then.
You can act like you’re some genius but ATCx isn’t down because of an infrastructure bill that may not happen. Look at NVEE today. Go away.
Awards have a dilutive effect. I intend to ask. Either way, the stock is now trading I think under $200M market cap with over $500M in revenue expected next year and EBITDA margins of around 18% and FCF conversion around 90%. Net debt has come down to 3.3x also. So hard to come to a reason for the selling other than, again, it’s an illiquid stock. Let’s be the smart mo he and allow others to transfer their wealth to us.
I have spoken with them in the past and have a call in as well. I suspect they are simply going to say it’s a very illiquid stock and this can happen if sellers sell in mass without regard to price. Back in April the stock did this and went from 6.87 to the $9’s within a week. What bothers me a bit more here is the volume is heavy so it seems some people that had an intention to have a solid weighting in the stock have moved on. Why though other than “it’s down” is hard to understand. So anything is possible. It’s not like IR is going to tell us about any insider selling or anything (plus they are still in their lockup period). Some insiders can sell in August so we know it’s not insiders. I don’t know if all these stock awards have a dilutive effecthough