Mel - - SGH paid $1.3B for a business that was losing money and...

Mel -

- SGH paid $1.3B for a business that was losing money and was cash flow negative.

- It needed more money put in to get to the point where it now has positive earnings

- the medium to longer term EBIT contribution may only be $60M to $80M per year based on the 2H 2016 figures

So how is that not overpaying ?

If SGH paid 5 times medium term EBIT - say maybe $350M less the amount needed to fix it up - you could justify that.

As Denbo pointed out above - what they actually bought wasn't what they thought they were buying. At the end of the day management and the board are responsible for that, and they are still there !