Seemingly you're totally correct, their products are on sale wherever one looks and it's hurt the brand.
Plenty of mistakes but I think overpaying massively for their acquisitions is where it all started. Too optimistic, tried to execute the reverse triple somersault in the pike position and hit the pool stomach first
Fortunately I haven't purchased too many but IF this raising is massively discounted and for institutional or sophisticated investors only I hope we show the board and management the door within 6 months given the performance over the last 6 months.
With the possible exception of SGH I can't recall such a complete own goal and dramatic company capitulation (of a seemingly relatively decent underlying business) in such a short period of time.
BWX Price at posting:
$1.17 Sentiment: None Disclosure: Held
