I agree. I can't see much upside to current valuation or above $12.50, so I closed my position recently. I listened to the conference call and it took them 50 minutes just to go through the finances of all the areas of the business. It's a very complicated business and it only needs a cog or two to not perform for it to get hammered. For that reason it's not a long term hold. A good re-entry point for a trade would be if it closes that gap in the mid $10s.
WEB Price at posting:
$11.74 Sentiment: None Disclosure: Not Held
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