|
|
|
|
||
Story: Nuvera Environmental Solutions Latest To Be Brought Down by Seeking Alphahttp://breakingfinancenews.com/investing/nuvera-environmental-solutions-latest-to-be-brought-down-by-seeking-alpha-nes/3037/ Nuvera Environmental Solutions Latest To Be Brought Down by Seeking Alpha (NES) AUGUST 26, 2013 11:16 AM BY TIM PARKER 3 COMMENTS 3 0 Shares of Nuverra Environmental Solutions (NYSE: NES) are down 18 percent in late morning trading Monday after a Seeking Alpha article posted over the weekend was bearish on the stock. What used to be nothing more than a finance blog has now grown in stature to the point of causing double digit moves in a stock. Such is the case today. An article on Seeking Alpha titled, “Nuverra Environmental: A Sinking Ship With Default Risk” was published on Seeking Alpha Pro and later released to the public. In it, contributor MBAvalueinvestor lays out the reasons he believes that the stock will continue its downward trajectory. Among his reasons: The company hasn’t generated any operating profits. Claims to be an environmental service company but is actually an oilfield service company. The founder of the company is distancing himself from it. It’s overvalued. Traders posting to social media have mixed thoughts on the article: NES 2.22 -0.18 (-7.50%) |
return to message board, top of board |