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Old 01-13-2010, 03:53 PM   Nav to Top  #1
Veggie-man
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Default XRM - Xerium Technologies, Inc.

The story of this company is as follows:

XRM has a lender contract set to expire on January 1st, 2010. On December 14 there was an announcement that they will extend their negotiations until February 1st, 2010. From that news, this stock jumped 50%. After all of this happened, on January 7th the CEO puts 500k of his own money into the company (XRM Insider Trading - Xerium Technologies Inc. - Form 4 SEC Filings.

Now, if this was a traditional settlement with the lenders, there would likely be a decrease in price. If this were the case, why would the CEO put 500k of his own money into this stock. Another thing, the NYSE has given XRM a warning of delisting since their stock has been trading under 1$.

What I think will happen will be a shares for debt exchange, however the stock will be restricted so they can't sell their shares for a period of time(or at least this stock is trading above $1. The CEO isn't stupid. HE knows something we don't.

Full Disclosure: I own this company @ .83
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Old 01-14-2010, 11:47 AM   Nav to Top  #2
vdubman
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Still a struggling company in a market that has not picked up yet
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Old 01-16-2010, 01:10 PM   Nav to Top  #3
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Certainly a struggling company-- look at it's debt. It just looks like there is something going on behind closed doors. Either way, Keep an eye on this one. The volume is picking up now, especially at the bell, so we'll see where this thing goes monday.
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Old 01-28-2010, 01:56 PM   Nav to Top  #4
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Originally Posted by Mike75 View Post
By the way, who posted details of such lame ass company? What's the purpose?
I posted this because it looks like something is going on behind closed doors. The company doesn't look very profitable, but depending on what goes on with this debt agreement, things could turn around. I'm sticking around until they release news.
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