Yes, I also see this announcement as neutral. They have instilled a dose of optimism among results that are on the lower end of the range they put out in Feb.
The only information I would like to have is their market share. I can understand their revenue / profit have fallen because of the global crisis - but I would have liked to know if this has been compounded by a loss in market share ? or offset by a gain in market share ? As they didn't mention anything about it, I guess this is the former - which is a worry to me.
BLY Price at posting:
11.3¢ Sentiment: Buy Disclosure: Held