Friday, October 14, 2011

Horizon Off The Exchange

Horizon (HRZ) has gone . . over the horizon.  The NYSE is forcing it to delist because its market cap is too tiny.  I warned my readers about this stock a long time ago.  Check my older blog postings and my Seeking Alpha Instablog postings on Horizon's problems with debt and the options it could have chosen.  Go ahead, I dare you. 

If you don't dare, that's fine.  I'm still right anyway.  HRZ is now just another penny stock.  You can call it the YRCW of the seas, with the same poor prospects and insoluble problems. 

Full disclosure;  No positions in HRZ or YRCW at this time.