WTF indeed. I have mentioned that I have had a home run (so far) with ANW. In Yahoo finance they have "news" under various stocks that you track. Today there was an item for ANW (
) and I was hoping it might be helpful as I am trying to decide whether the hold for LT capital gains and further gains or sell for a quick profit.
Not necessary to click on link as it seems to just be click bait. Here is part of the gobbledygook they wrote:
"On Feb 20th, the company announced Agreement to Acquire H.E.C. Europe Limited. The Aegean Board unanimously approved the acquisition. The opportunity and decision to acquire H.E.C. comes at a pivotal time in Aegean's development and is likely to set the course for the future growth of the company. H.E.C. is a complementary growth and high-margin business which is supported by regulatory trends and the growing industry sensitivity to marine pollution issues."
Ah, no. It was not likely to set future growth of company. It was a shell game to hide the fraud going on at ANW. Activist investors came in and stopped the acquisition. They also uncovered the fraud. You think that might be germaine to the discussion/research to buy or sell ANW.
Moral: do you own due diligence.
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