A company to get into this state of affairs has absolutely been miss-managed and how the CEO can command a huge salary is beyond me. A full restructure and selling off on assets should of been done years ago instead of lying around waiting for the recovery. Having a workforce of thousands doing goodness know what was beyond me.
The reason why people are still discussing this stock is because:
Management have over promised and under delivered
People have been absolutely burnt from this stock
Do I hope that there is some form of turnaround YES....but likely No...I bet Centerbridge are regretting the day they jumped into bed with this company. I believe that there is now a huge risk for ALL stakeholders....
Just my 5 cents worth as that is really all my shares are worth now...
A company to get into this state of affairs has absolutely been...
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