Crescent wants a low shareprice remember, they are still buyers....

Crescent wants a low shareprice remember, they are still buyers.
They don't want to report too much cash but I think they are prudent and living within their means.
This is one of the most gold plated and aggressive turnarounds I have seen.
The results are still awful, it's only the shareprice which has recovered.
It's not unusual for a turnaround to take 7 years but these guys will smash it back to 3.
It's really the best way to do it, the market is very short term focussed and typically would punish a company for acting in this way. Zero ducks given by Crescent.