lol... had to look up TTT... I seriously am trying to figure out whether this stock has a good chance of rebounding from here. Yes, its gone through a bad time. Yes, management had to sell some land to boost their cash balance and strengthen their balance sheet, i.e. essentially bought time to turnaround the company. No, I don't believe they did that (sell the land) to simply keep paying themselves (although I might be wrong).
Higher revenues, higher gross profits, lower expenses, no dilution from stock options, may all paint a positive picture to improved profitability. The key is to know whether they are in fact 1) willing and 2) able to lower their expenses enough to boost their profits.
HLF Price at posting:
1.1¢ Sentiment: None Disclosure: Held