Good value is an interesting term and is in the eye of the beholder I guess. The fact that this stock traded in the mid to low 30's and now has half the revenue base it did last finalcial year and no major new step change discoveries would lead me to this it deserves the low 20's right now if not high 18/19 given the failure since the LGL merger to deliver anything.
In fact the operational delivery and finacials continue to tank each quarter. Even a take over would be hard as anyone doing due dilligence is not certain of what they are getting as the facts seem to be rubbery at best.
For mine I will buy at 19 and hold whist they clean the current Mgt team out, then sell at mid 20's to hight 20's late this year or early next. The management clean out can only be a few months if not weeks away......
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