Davis and Hendersen or D+H Corporation
what the hell happened?
Insider trading much?
Whoa - Down over 16% today! Doesn't seem like this is due to the everyday ebbs & flows of the markets.
Another short seller attack, a-la VRX. There is a report out somewhere.
thanks for that makemerich. I couldn't find anything.
saw this on another forum
"Just a read a summury of the short thesis of Sumzero.
Basicly they are saying that DH corp Overpaid for the fundtech acquisition back in april.
they are saying that fundtech is losing customer.... blabla.
IF they are right we will see it in tommorow morning.
this could be a huge buying opportunity.
If shares dip under 30$ tommorow. I am adding."
I guess we'll know more in the morning
I had deep familiarity with D+H in a previous role at my company.
This is going back to the 2005 - 2008 days.
At that time, their old business was declining but they were in the process of restructuring their business into technological services for the financial industry.
They had started document processing, storage, aggregation and printing for some of the banks, credit union, and mortgage lenders we did business with.
At that time I thought that if they succeed in transforming their business, they could do well.
Certain parts of their business was always going to decline and eventually die away...but they had every opportunity to transform themselves into a technology financial services company.
I haven't kept track of them over the years, but based on a stock price chart, they seem to have realized that vision and done well.
I have personally never heard of this group SumZero, but then I am not a trader.
From the news on BNN etc. this sounds like another corporate raid.
Exactly the type of thing that Jason Donville was warning about last week on BNN.
I've held it since 2012 and oddly was going to sell last week as I'd made a double. Thought I'd put my money into something that had been beaten up a bit and had a better yield.
Course I didn't, because it fell both days I wanted to get out and I thought it'd bounce back to 40. Silly. Now I know why it was down those few days when the market was up.
analysts always seem very positive on the stock.
More BS short sell attacking. Stock manipulation that ought to be illegal.. Backing up the truck over here...no rush to get in, but let's see what the earnings are like tomorrow.