My philosophy is not how good the company is now. Have to look into the future. Also have to take into consideration cost of other assets.
Every asset has its day if and once the market can see the potential.
My view is this company is either dead or it’s the bottom. I won’t even bother with saying it’s close to the bottom because no one can pick exactly the bottom. Only in the long run does the stock look cheap the difference between 40c and 50c negligible
Then again even if there is good news, so what?. You sell on the news for a 1x profit, but what if it 100x. Or 1000x.
I wouldn’t rule out 1000x if this stock drops to 5m market cap. 5B market cap might seem alot now, but in 10 years time not as much. The reality is we do have assets TODAY that are 5 Billion market cap with not a lot of fundamentals in the business yet.
