If it is as bad as you put it. why bother even buying the stock at all let alone at $1.30? Your analysis is pointing to the management's culture and competence. If that's the case the stock should keep it's down trend till it becomes either insolvent, take over target or the management changes! Cash has been burned for investing in the company not in casinos. That's the difference. Management could certainly do better but they have their fingers where they should be. I am long on this stock. By the way, I personally do value your input. It made me go back and read the quarterly report again to see if I can get the same impression as you do but I didn't. Hope I am right.
WGX Price at posting:
$1.47 Sentiment: Buy Disclosure: Held
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