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Nova Chemicals, value or not


jonzuc
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I purchased Nova Chemicals at an average per share cost of $6.12. I viewed it as being undervalued getting to this price. At it's current price, I think Nova is now a deep value play, and a perfect candidate for the sort of equity injection Fairfax Financial might give.

Any comments from the board?

 

Jonz

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Thank you alertmeipp and Phoenix01, your comments were much appreciated. I'll see what the end of month brings with their cash flow problems. Management in their latest webcast stated they are quite confident in their financing arrangements and a positive outlook going forward.

 

Jonz

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