CARBO Ceramics: Bankruptcy In The Making?

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About: CARBO Ceramics Inc. (CRRT)
by: Pavlov Research
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Summary

Management continues to sell stock under an at-the-market program at very low prices (while claiming that there is no liquidity issues).

Stock price is at all time low.

Company is cashflow negative.

Looks like creditors (Wilks Brothers) will own the company.

Introduction

CARBO Ceramics is a very interesting company. The current market capitalization is less than 50 million dollars. This company was worth 100 times more just a few years ago! Demand for their products has