$25m sales (Metalicus) a year is no good unless it is profitable, I like PGR management they are decisive and wrote down the entire goodwill in one go last FY so this year it only has a positive impact on EBITDA and will free up capital for profitable business.
Poor managers like poor traders have an ego that won't let them admit and correct their mistakes in a timely fashion so they get stuck with dogs and flees.
PGR Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held