How low could this thing possibly go? Trying to figure out what...

How low could this thing possibly go? Trying to figure out what the actual intrinsic value of this company is at the moment... Telco's are definitely on the nose, that's for sure. But this one is interesting in that not only are they battling it out with the other low-cost providers in the Telco space - they are battling it out in the energy market as well. It's a lot of added complexity and risk and I think they overpaid for the energy customers too.

Stating the obvious, I know, but unless they can show that they've started to get significant traction in their cross-sell efforts, this thing could get really ugly.

Oh and thinking back to what Ogrin said in his interview with Tom Piotrowski recently, he said AYS cut the div as part of capital management, which gives them the option of buying other assets (other companies). Considering they haven't really proven (in my mind) that the Click acquisition was a good one, I wouldn't be too keen on them going out and acquiring another business.