Restructuring the hybrids hardly seems like the most pressing issue facing this company right now. Returning the business to sustainable profitability is job one.
Burning the furniture by selling profitable businesses to raise capital to restructure businesses that are unprofitable smacks of desperation, but desperate times call for desperate measures. My only concern is that management is not moving fast enough or aggressively enough and is continuing to erode what value remains in the business.
SRS Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held