This Co. deserves its currently low s/p. I know it's Xmas, a time of hope and joy, but believing it should be priced at NAV is multi-delusional. I wouldn't be surprised if one day the academic world uses CLL as a case study in how to run a Promising (pun intended) company into bankruptsy protection. And the common shareholders get butkus.
The grim reality is CLL loses money on every barrel they sell. Read Strezlin's post from a last week. Tells you all you need to know.
What's the s/p going to? Lower, I believe. How much lower? Dunno. If I did know, I wouldn't be posting this useless msg and wasting your time reading it. I'd be smoking a cigar and drinkin Crown Royal in Maui.
Happy Holidays :)