Originally Posted by
MAC
There’s been a total of $3,572M dollars wiped off XRO’s market cap since its peak thus far, yep I had to calculate that twice, couldn't believe it initially.
Much of that would have been salvaged from elsewhere, and many XRO investors were probably predisposed to investing heavily within the SciTech sector also. It’s no wonder stocks like ATM and PEB have been so very heavily beaten up in that context.
But, that just serves to provide absolute bargain basement prices for both growth and value investors about here. At 55c ATM is a half price discount sale as far as I’m concerned.
It’s been an interesting one, I don’t think very many at all back in March would have anticipated precisely that a single stock sell down like XRO could have had so much impact on others.