Full disclosure, I'm in WRTH at 1.92. No doubt this "sure thing", can't miss monster of a trade will be a bumpy ride.
My "logic" is that the upcoming earnings will be a beat. Two weeks ago Morgan Stanley took a position in the stock with a target of 7, and it's difficult for me to believe they would do that in such a beaten down pibsqueak of a company unless they were reassured that the outlook would be positive. We shall see, the bet is on the table.
My "logic" is that the upcoming earnings will be a beat. Two weeks ago Morgan Stanley took a position in the stock with a target of 7, and it's difficult for me to believe they would do that in such a beaten down pibsqueak of a company unless they were reassured that the outlook would be positive. We shall see, the bet is on the table.
