I bought in about this time last year on the basis of strong fundamentals.
However, the fact that they had all of their eggs in one basket concerned me. If GM pulled their business out, CXZ were goners.
So the renewal of the GM contract was reassuring.
Of course, that doesn't mean CXZ will be successful in the long term but what it does mean is they don't have to worry about going out of business while they execute their strategy.
CXZ Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
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