Just wondering, if the company is profitable + has cash laying around, what would cause this to head to 0? Does the debt leverage also matter that much if they have no problem paying it off? Also agree on new management being a positive, was time to get rid of founder and bring someone in who knows how to optimize a business.
I personally think a combination of bad analyst coverage (Just look at Jon Feldmen from Telseys coverage on the name), accounting errors + setbacks on margin. But looks like they are finally implementing the actions to solve those issues.
Enjoyed the write-up. Very high-risk indeed. Will be following this name to see how things go from here.
Just wondering, if the company is profitable + has cash laying around, what would cause this to head to 0? Does the debt leverage also matter that much if they have no problem paying it off? Also agree on new management being a positive, was time to get rid of founder and bring someone in who knows how to optimize a business.
I personally think a combination of bad analyst coverage (Just look at Jon Feldmen from Telseys coverage on the name), accounting errors + setbacks on margin. But looks like they are finally implementing the actions to solve those issues.