Dan,
On the Vero update on the watch list I noticed the value of the company was reduced from $9. to $7.5. Would you please comment on the cause of this revision. At $2.4 the stock looks very cheap but it appears they are spending more capital to get less production than anticipated? Also is the debt at almost 3x cash flow a cause for concern. I got this when you first recommended it at higher prices and want to make sure it is worth holding. Thank you
Notwoways
Posts: 14
Joined: Mon Jun 13, 2011 3:24 pm