It's not all bad news actually, in fact it's fair to say circumstances are not as dire as expected eg. Zhaopin performing better than the expectation outlined in February. Also, OES is feeling no impact from the current situation.
Sure, these are hard times for a company serving thousands of businesses that are hurting. Yet there is no need to raise capital at this point, the debt facility has another 2.5 years to run, and the dividend is not cancelled - just delayed. SEK offering various concessions to its business clients is another sign there's no panic coming from management even if revenue is in decline for now.
SEK Price at posting:
$14.44 Sentiment: None Disclosure: Held
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