Like most turnaround propositions, the trouble is timing and how...

Like most turnaround propositions, the trouble is timing and how long you have to wait.

The value is there, assuming the company isn't on a continual decline.

So people may not want to wait until 2015, 2016 for some positive financials to come out (if they are), when they can get their 7% dividend in a blue chip.

I agree you want to see directors buying at 6 PE, but given their language I'm not sure they even know what the bottom is.