You're right in that the economic conditions are far worse now than in 2009.
However, the reason for the big drop in 2009 was debt related. Back then gearing was 82% compared to 11% now and NTA 45c against 83c now. Assuming they can collect the Samsung receivable (not even thinking about additional margin) they in a far better financial position now albeit the economic conditions are far worse.
You're right in that the economic conditions are far worse now...
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