Look at the free cash flow. Ignore the accounting treatment of various assets and liabilities. That’s in the past.
Just realise there is currently a short strategy running on this stock. There is an end game in my opinion and that is a book build to take either a position in a takeover or just to acquire a strong position at a historically low price to ride back up on.
I’m holding a nice parcel of GXL stock at 3.88 untill the annual report is released.
Make a new call on my position then.
GXL Price at posting:
$4.43 Sentiment: Buy Disclosure: Held