We can expect the usual comments from the peanut gallery. Unfortunately it seems the company itself believes there is still more pain to come, how else to explain the decision to retain all that cash? "Return to growth in medium term"? And they continue to bleed cash in the US.
They have cash, strategic assets, a great brand and parts of their business are an absolute license to print money but management need to take more hard decisions. Absolutely deep value at this level but likely to get hammered today because management seem happy to meander along.
Disappointing.
A2M Price at posting:
$6.86 Sentiment: Hold Disclosure: Held
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