it is disappointing to see that they released an update to market in DEcember regarding a delay with expected delivery in January. How far wrong could they have been only a matter of weeks ago.
Is this a case where they weren't going to meet the January deadline and thought 'this is going to look been dumber if we release another delay update'.............so let's take a bath, give the market some clarity and transparency and see what happens.
The stock is purely beng held down by the uncertainty and the constant uncertainty in the rail division"............it's trading very cheaply on earnings.........but expensive if the tards keep the increasing the provisions.
Possibly after the dust settles and they adhere to the new timeline, this new "certainty" could finally provide a much anticipated lift to the multiple.
DOW Price at posting:
$4.37 Sentiment: None Disclosure: Held
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