worth? it's not in the hands of fundementals atm, but the question is valid, for when does sanity return, something to aim for.
I dont know what its worth.
But clearly it is driven by sentiment, and a lot of lost confidence in the business model.
My gut says it'll turn around, but, to what period.
Do they need to reduce debt to restor confidence, but in doing so offload earnings assets, thereby being less attractive on a growth pov.
They need to restore this confidence, without shooting the horse from underneathe them.
The problem with this process, is it may be drawn out, and IMO, you're best to wait for a solid return to sentiment positve, than taking a chance of picking the bottom.
Whats the diff if you pick 4 or 5 bucks, when its going to 2 bucks.
Whats the diff in waiting till it returns to7 bucks if its going to 10,12 bucks?
Time money investment.
IMO wait for this roller coaster to starting pulling some positve g's to help keep your lunch down, not up.
cheers
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