Is there a legitimate concern that ALC might fall into the category of COVID-related speculative stocks?

Is there a legitimate concern that ALC might fall into the category of COVID-related speculative stocks? The performance over the last 12-18 months certainly suggests this possibility.

A closer examination of its overall performance since inception doesn't inspire much confidence in the company's long-term potential. The best-case scenario here is a successful turnaround. It's worth noting that the ASX seems to have no shortage of companies in need of a turnaround.

While it's commendable that some individuals are trying to maintain a positive sentiment about ALC in discussions, I would strongly advise new investors not to be swayed solely by optimistic posts. Instead, they should focus on conducting thorough research and due diligence when selecting investments, as the importance of DYOR (Doing Your Own Research) cannot be overstated.