@nailsnglue interesting analysis. As a holder in CDM and seeing the wealth destroying strategy adopted by Karl and his team,, I too wondered what his strategy was and why he didn’t employ downside protection, given as u say, that ARQ comprised almost 18% of the portfolio. Have u identified any particular catalyst for the recovery of ARQ apart from Karl being on the board ?
is that a real strategy ? or a face saving move by Karl. What do u think he can offer to improve performance and the SP ?
ARQ Turnaround, page-17
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