I'm surprised this is holding at just under $.70. I thought the lack of transparency, the lack of meaningful recovery from the CA, and the doubt (based on past behaviour) over the quality of the NA/CBA/AMZ deals would have people pulling out and starting over.
If you subtract the cash from the market cap, the share is still trading at about 25x revenue and that's a huge premium. Perhaps you could pay that premium for a spec with a stellar record of management but this ain't it.
Anyways, surprised at the floor.
GSW Price at posting:
68.0¢ Sentiment: None Disclosure: Not Held
