@mdesai I agree. I'm not convinced that all the bad news is known yet. And there does not appear to be a plan with what to do with all unsold inventory. Or how they are going to grow earnings back to previous levels. From a technical POV, the chart is looking very weak. The dead cat has bounced and the SP could be heading lower if it closes under $1.20 today. Not saying this is a bad company, just that perhaps there is more pain to come. DYOR.
MCP Price at posting:
$1.20 Sentiment: None Disclosure: Not Held
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