Likewise here, it’s a terrible result but expected in continuing soft advertising market. Targeting reduction in costs of over $100M, as announced, is the only viable option going forward. Will see continued softening of SP but at some point this will be way overdone, and there will be a turnaround story at some point. Smart investors will watch this closely
SWM Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
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