The thing is that asset was never worth 360M to begin with, that was a pretty dubious acquisition in hindsight. Everything around this management seems to be dubious, their actions are sloppy, permanently one step behind everyone else.
I wonder why would the market assign a fair value when there are so many uncertainties around both these assets, what are the growth prospects of the company exactly? This is just asking for a permanent heavy discount. I'm afraid the value destruction won't be stopping here Joe.
The thing is that asset was never worth 360M to begin with, that...
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