Even if the results are bad there needs to be decent information where the market can see that the goals outlined at the end of June are being met. Or the steps taken have resulted in X, Y and Z.
The reduction of debt, the sale of non-core assets, reduction of costs (to name a few) all need to be spelled out and be clearly evident in the result. We are all expecting the worst but if through the result management can prove they have been earning their keep then the sp should climb.
I have heard enough of what they hope to do and thus will not buy yet. I need evidence. Their track record indicates they build castles in the sky and try move into them as well.
To finish with a Buffetism that is applicable to ISF. "Management that continue to place enphasis on EBITDA do not understand their company"
ISF Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held
