$7 might be wishful thinking but I do expect it to go below $9 on further bad news.
I suspect there is a fair bit that we still dont know.
CWN had problems in Taiwan years ago and those problems "went away" im not sure they can do that in China.
It is a good company and im looking forward to investing it's just trying to find a bottom and work out what their plan is to remedy the situation in coming years.
The funding of the pipeline of new projects worries me as well.
So many "what if's" with this one imo
CWN Price at posting:
$10.92 Sentiment: None Disclosure: Not Held