so is that it ?????????, page-2

Cutting divvy is the right thing to do, may even need rights issue. I was looking at stock but liquid ratio <1 put me off ( near term liabilities exceed near term debts ie cashflow problem). Management have made mistake of aggressively expanding at top of consumption/economic cycle. Akin to property investor rapidly expanding portfolio at top of market, pay top dollar with minimal upside in short to medium term. Vehicle sales in US stagnating with offers such as 0% finance, and US savings rate only 0.5% with rising interest rates so consumption/spending will be cut back hitting new vehicle sales. Worth looking at long-term if can weather storm, from technicals I would not try and pick bottom as a stock in this scenario will tend to put in a double bottom or saucer shaped bottom before picking up, ie slow turnaround, no quick bounce.