Why would strad trade below book value if its in a high growth area for starters, secondly made money this quarter, thirdly is a weather stock (taking a hit because of dry drilling scenarios), forth is in an even regional split in the US and Canada drilling regions?
Anything with a dividend this high should trade at a multiple. They must have spun around in circles on the floor like Homer Simpson durring the conference call to take this kind of hit. What happened?????