Just in terms of the comment about management turning $500M into $35M; I'd say this. Obviously, management can't control Share Price and therefore Market Cap. A valid balanced view here could be that CCP were too pricey at over $12 and are now cheap (my view only) at 82 cents. Many fine companies have fallen out of bed and come back again quickly (ALL QBE WBC etc.).
Sure they almost always fall for a good reason. However, as I said before, CCP looks priced as though it were about go broke or get dismantled (like AFG RHG CNP), but I don't think that is going to happen.
Also take a look at the various changes CCP have made to remedy the problems. They have removed a lot of what appears to have caused the setbacks. So guys lets wait and see shall we? and Standup, you can get the "told you so" megaphone ready. I hold this stock too obviously, having bought at lower levels based on the above.
S
CCP Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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