NTA .47cents., page-4

According to the SMH, Hewitt's position is in doubt as is the dividend. Doesn't sound good to me.

Averaging down is expensive & can bog down valuable cash, especially if the company's share price is not going anywhere in the short-term. Averaging up in investment situations is a much smarter proposition imo.

Clough nevertheless looks a solid company to me with a good balance sheet and operating in a sector that has been out of favor for a long time - so it looks a good contrarian bet (for people that believe economics is all about cycles).

The '2 contracts issue' has been handled badly by Clough, especially because they have let it linger for a while and have not gone into specifics about it. Namely, which contracts, where, how much $ are we talking about, what's the deal with future dividends, writeoffs, litigation?..etc. So, until all this is cleared up, CLO ain't going anywhere but down to possibly 40c I reckon.

I can't see it falling further, but in this market - who knows. J.