According to the SMH, Hewitt's position is in doubt as is the...

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.