no v shape recovery, page-17

Madtrader
Thanks for all the research. despite your caveats, I think you present the bear case well. I exited at 104 when I couldn't hand on heart say I was confident your analysis was flawed. The change in broker valuations form 2-10 to 160 off one downgrade made me conclude its a highly leveraged business.
I was told there would be a march update and insider buying and as this too haven't eventuated, I exited for now to reassess. In the end, its important to admit when someone understands the businesss better than you