Sidoti backtracks on U.S. Silica, shares tumble

Less than a month after initiating U.S. Silica at Buy with a PT of $35, Sidoti cuts its rating to Neutral, causing shares (SLCA -5%) to tumble.

Of note: the firm is now the only 1 of 12 covering the company that does not have a Buy rating on the stock.

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Comments (5)
  • Philip Marlowe
    , contributor
    Comments (1582) | Send Message
    Did they give a reason? Does anyone have access to the report?
    17 Oct 2013, 03:29 PM Reply Like
  • 745
    , contributor
    Comments (388) | Send Message
    Hmm, 1 of 12 and the sheep (sellers) followed. I can only shake my disgust. Baaaa!
    17 Oct 2013, 05:43 PM Reply Like
  • Jake37
    , contributor
    Comments (25) | Send Message
    This is obviously someone looking to bring SLCA down to get a buy in. I am long and staying long. I have taken some profits when I reached a double, but it is still my biggest hold.
    17 Oct 2013, 06:26 PM Reply Like
  • Blue22
    , contributor
    Comments (449) | Send Message
    This really pisses me off! SLCA was heading into orbit after a slaughter of all fracking propant companies. SLCA is over 100 years old and highly respected in the industry. For a company like Sidoti to force a huge short on SLCA after just inflating the same up is worse than any kind of insider trading!


    I have to ask why would they do this? That is bar none the best frac sand in the country. Unlike anyone else in the business, they have a complex transportation, loading/offloading, super fast delivery to every major fracking play in the US!


    I would really like to know if Sidoti or any of its affiliates, employees, etc placed thumbs up opinions on SLCA in the Public forum leading to the upsurge in SLCA stock. As they then Publicly downgraded the stock causing a 5% plus loss for the company and investors like me! Did Sidoti SHORT THIS STOCK?


    The other 11 who were all thumbs up for SLCA should really do something about this!
    21 Oct 2013, 12:46 AM Reply Like
  • Blue22
    , contributor
    Comments (449) | Send Message


    SLCA Short Int. NYSE


    39.91% short
    35.43m float
    53.18 outstanding


    I found just a handful taking great advantage of this cooperative, Hard-short.


    I bought SLCA 1/29/13 @$19.98. Do the math! 1 year over a triple! THIS IS WHAT YOU SHORT?


    Please take the time to go over the current list of Hard Shorts. From what I read in these comments, most SA readers are not out to destroy US business through insanity like shorting excellent stocks by Publicly slandering them. Unless you belong to a cabal of bankers or brokerages actors or whatever you will probably lose your ass in the short game. There is always somebody just waiting to take you little victory and leave you in the dirt where you belong.
    21 Oct 2013, 01:41 AM Reply Like
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