It isnt Blue sky yet. For balance there are the small matters of:
$720 M debt and no clarity on short term debt reduction.
( I can see clearly how it should work - but that is different from capability to deliver on plan and on time)
Ensuring operational success in the segments it operates in
( A good company has great strategic thinking at the top, careful management culture and style, great lieutenants,
great internal reporting structures , and makes good choices........there are questionmarks)
Bank attitude to debt repayment plan in a context where Banks have most of the cards.
But you are right. I suspect the market wont forgive it overnight even if it all slots into place.
I am mindful that Mighty oft repeated that fixing the big picture might take 3 years.
I am with you on 10 dollars but have noted that what I want often does not happen. I have a notion 10 dollars is on the cards in 3-4 years. Time will tell , but if true it will be well worth waiting for.
Mel
SGH Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held