Where's that 30c that you were predicting? The result was inline with what I was expecting. I'm not sure what you were expecting for it to go to 30c. The problem for the business now is that it seems that the majority of cost cutting has occurred and further deterioration to revenue is going to hit the bottom line quite dramatically. The positive, if you could call it that, is that it seems like revenues are declining at a slower pace than in previous years. EV is about $70m, so it's trading on about 3-4 times trailing EBITDA, which is about fair. Should be range bound around 20c for the foreseeable future.
ISD Price at posting:
20.5¢ Sentiment: None Disclosure: Not Held
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The result was inline with what I was expecting. I'm not sure what you were expecting for it to go to 30c. The problem for the business now is that it seems that the majority of cost cutting has occurred and further deterioration to revenue is going to hit the bottom line quite dramatically. The positive, if you could call it that, is that it seems like revenues are declining at a slower pace than in previous years. EV is about $70m, so it's trading on about 3-4 times trailing EBITDA, which is about fair. Should be range bound around 20c for the foreseeable future.
