EXL is an interesting stock.There appears to be inherent value...

EXL is an interesting stock.


There appears to be inherent value in the brand and some of the IP behind it.

However, through poor decision making at the executive level and also a ledger that refuses to balance, the markets see the risk of continuous CR's.

Why haven't they thought about:

1. terminating all manufacturing and outsourcing to a CMO
2. removing EXL from all countries where they are still at an experimental stage and termination of the teams/ leases on those countries
3. terminating all their expensive market access solutions and focussing purely on a contract sales and marketing force with no fixed outlays


I think if they get their house in order, there is an underlying brand, with pre-existing retail access and recurrent sales.

I think there is something salvageable but needs a massive culling.

thoughts?