WE: Still Need Some Time
$WeWork(WE)$ Don’t expect a push yet, wait for catalyst. Will be trading sideways and people will be flipping for few percentage gains. Hold until catalyst event. There no news to substantiate a dramatic price movement, so don’t expect a large price movement right now.
What’s more, I think if they announcing new financing, the stock will pop but the credit market is tight right now and WE has been mired in too many negative PR that it's a very risky bet for lenders. I can't think of any PE or a rich investor who would invest in this stock due to the current risk in commercial real estate. But let's see what transpires...
By the way, the restructuring plan needs to be so materially significant to their bottomline and profitability prospects that it forgoes the need for a reverse split or a 180day extension. Which means if the board can announce such a plan and guidance, target price will be higher than $1. Again, they need to be cash profitable, cuz they keep using accounting tricks to inflate negative net income using non-cash expenses thereby never having to pay taxes.
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