AEM next upcoming earnings reports will be very bad, more stock price drop incoming
AEM Holdings proposes to dispose shares in ATECO for $6.8 million
Based on the audited consolidated financial statements of AEM for its FY2023, the book value of the sale shares was $8.8 million. The proposed disposal is expected to result in a deficit of proceeds over book value and a loss on disposal of approximately $2 million.
See in the month of July how low this stock will drop before the release of next earnings report in August.
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Learning never end : I believe this actually shows that the management is determined to eliminate bad assets, which could have a positive effect on the stock price in long run.
ScorpioRebelliousTVOP Learning never end: Yes, but it will take a long time for AEM to get back on the track, the next few earnings report will be negative.
It is better to avoid buying this stock for now until this company shows they are on the track to recovery from the mess created by the previous CEO.