I thought I'd bring this to the board's attention, because it isn't often that you see a stock lose 3/4 of its value in a month. This is not the kind of stock I'd normally be interested in. I learned of it when it was a pick in one of John Mauldin's newsletters last month, a few weeks before it plummeted (not a short pick, unfortunately). Besides trading on the pinks, it also trades on the TSX (PSN.TO).The name of the company is Poseidon Concepts. They were spun off about a year ago from Open Range Energy Corp, a company involved in fracking (among other things). Basically they developed a product useful in fracking (portable storage tanks to contain the water runoff), and found other companies were interested in leasing them: a new business is born.Before last month's crash they paid a decent dividend, which was supposedly covered by about 2.5x of FCF (after-tax), but obviously that's in jeopardy now. This plummet occurred based on the results of the most recent quarterly earnings, which among other things showed that AR include a very large percentage (1/4?) that are overdue. I'm not going to suggest this is anything other than a pure gamble, and personally I would not be a buyer. If you want to learn more, here's a SA article written immediately after the stock had dropped about 60% in one day:http://seekingalpha.com/article/1013901-poseidon-concepts-co...Ken
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