Who knows what can happen long term. That can be said about any stock. I don't think much has changed with the company management that would translate into the business increasing in value. A company's share price typically reflects what investors think the company will be worth in the near to midterm future.
Given this is still sitting at all times lows this indicates to me serious investors do not see much happening in terms of value in the near term.
Something that dawned on me about this coy was its reputation. It slashed is costs, sold parts of the business, sacked a bunch of people all so the owner could make good on a statement he said about becoming profitable. Okay, he did this but who cared?
More importantly what does this say about how they became profitable. Do you think it's sustainable? Perhaps I'd be a little more optimistic if Bouris paid himself and his mates salaries reflective of their performance for a start.
YBR Price at posting:
14.0¢ Sentiment: None Disclosure: Held
