CLH 0.00% 6.8¢ collection house limited

So lets be clear this is not a buy recommendation I'm just...

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  1. 69 Posts.
    lightbulb Created with Sketch. 5
    So lets be clear this is not a buy recommendation I'm just throwing this out to see what people think:

    The current market cap is a little over $24mil and the company has assets of $141mil according to the Preliminary final report.
    Is it possible or in any way likely that they could just fire a lot of bloat to fix their cash-flows and thus be valued closer to its asset base?

    (Yes, I did buy just before the freeze, and yes, I am likely guilty of indulging in wishful thinking)
 
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