Reputational damage done, page-25

Clearly there are still some large funds looking to exit, so will likely be some share price pressure in the short term. Not sure where it bottoms. I've bought myself a small position of $15k, im not really willingly to bet the farm, but if the price continues to go lower I may look to average down a bit more.

I too am very surprised by the quantum of the drop.

In simplistic terms, if they have $180mil in inventory and can generate a net profit of 10% that's $18mil. Which historically has been quite achievable for them especially given we have the holiday period.

$18mil on a $161mil market cap gives you a P/E of 8.9. Pretty fair in my opinion and gives absolutely no credit to CCX to continue to grow in the long term.