Silex takes a tumble

We didn’t see that coming. Just a week after extolling the virtues of Silex Systems and upgrading the stock to a Speculative Buy, the company came out of a trading halt with news that sent the share price plunging 40%, shattering the office record for the swiftest fall following a Buy recommendation.GLE, which is charged with commercialising Silex technology, will close two test centres and bring all testing into a single facility in the US. GLE also noted persistently poor conditions in the enrichment industry and hinted that commercialisation would be delayed. The market dumped the stock.Is this an overreaction?...

We didn’t see that coming. Just a week after extolling the virtues of Silex Systems and upgrading the stock to a Speculative Buy, the company came out of a trading halt with news that sent the share price plunging 40%, shattering the office record for the swiftest fall following a Buy recommendation.

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