Ann: Corporate Personnel Changes and Operational Update, page-93

There are genuine "turnaround" stocks that are cheap as chips. However, look at the facts:

1) TRY have a debt repayment schedule that is challenging at best and impossible to meet at worst.
2) No cost guidance has been provided.
3) They still have out of the money hedging in place.
4) There is no sign of positive cash flow times ahead in the medium term.
5) Their secondary asset is loss making.
6) There is uncertainty re management changes.
7) The big one for a "cheap" company is that there has been no Director buying.

I could go on.......

Hope that this is a 5 bagger and would be delighted for you if it is but reality is reality!