Sometimes I feel sorry for shareholders, sometimes I don't
Anyone who bought into this above $1 must have known they were taking a punt into a headwind. The best they were hoping for was a momentary drop in wind so their ball could go a few extra metres. Before rolling backwards. At 56 it is punt worthy to trade the volatility. But not long term. This will be liquidated inside 2 years. There is no brand worth real money value remotely near its debt levels. Other than that it is a romantic reminiscence, and nothing else. Its like Elle McPherson
BBG Price at posting:
57.5¢ Sentiment: None Disclosure: Not Held