Its Over, page-13538

..one prominent newsletter had EML a return buy in Sept 21 when it was trading circa $3.75. Anyone following this newsletter is expected to be an investor, not trading, so they're likely to be holding till today. At $1 today, that has been a 73% haircut !
Even 1,000 shares would have lost $2,750 ! And to top it off, EML was already under scrutiny and investigation on its Irish subsidiary with hefty investigation cost to pay. The troubles had been there and clearly reflected in its share price for some time , but this is what happens when people try to bottom bargain, without knowing that indeed With Time A Dog Stock will Show More Fleas.
The departure of its MD as announced today sounds alarm bells that all is not well within.

5 year view
EML Stock Price and Chart — ASX:EML — TradingView

In today's environment, it is easy to be blindsided thinking that many once darling stocks have become cheap and prime for bargain buying. Unless you are such a genius seeing what the market does not see, more often that not, a sliding stock price that is falling even more and not in sync with the general market is suggesting that there are likely troubles that the company is in. EML announced a 8% dip in EBITDA in its 26 April 22 profit guidance announcement , its stock was $1.67 then but few would take that as a red flag on worse outcome for its stock price to come.

Bargain hunting is easier when the dust settles.