The business as usual thread, page-269

Just because the shareprice has fallen doesn't mean it's cheap. Turnarounds most often don't turn around.
Those that do have a long history and low debt. Just because SGS has revenues doesn't mean it can turn a profit.
Mighty has been wrong consistently because his argument boils down to trust management, they know what they are doing.
A case for investing involves looking at the financials as well as the industry, developing critical judgement and understanding management incentives.
Effectively management has told shareholders that it's game over but some struggle to believe it. That's what the financials say as well.
Hope they pull out a blinder with these results but if they do holders are being rewarded for making dumb decisions. Chances of that happening are slim.
I know that will piss people off - truth is that a real friend is the one who tells you your fly is down and cock hanging out.
Or you can keep listening to mighty.