Bit of a blanket statement there.
I think it comes down to a couple of things:
1) were they on borrowed time? i.e. was the change in management foreseeable? - in this case, it was not out of the realms of possibility. Nobody may have been expecting it yesterday, but after some digestion it is not a total shock.
2) who is pulling the strings? have key shareholders weighed in here?
There is a lot of uncertainty here which I think may hurt the SP but given where the company is at, I don't think it can get that much worse.
We already knew there would be an impairment. We already knew certain operations were suspended.
I would love to know how much cash they have in the bank right now.
Ann: CEO Transition, page-52
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Last
15.5¢ |
Change
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Mkt cap ! $320.5M | |||
| Open | High | Low | Value | Volume |
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