Based on his comments - seems like we should be expecting "some improvements" and not a worse, bad result. Talking about creating a "stable business" and "generating some cashflow".
This has been sold down so hard, if they are able to stabilise and survive, do you ignore it as an opportunity? Most likely will need a further qtr or 2 to demonstrate a genuine reversal.
Many smarter than me are saying "not going to make it". Going to be interesting to see...
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