Averaging down

[money]

Thanks for all the valuable comments provided. Really appreciate it.

I took the plunge by averaging down and by a stroke of luck managed to buy at 52W low. It has since rebounded by 25%.

I find it peculiar that mgt do not stress or mention any FCF in its latest financial statement and just providing a grim outlook while other firms are touting a very high ratio of FCF to mkt cap probably to reassure investors that their share price are deeply undervalued. There is a saying that if one is good, ppl will automatically come to seek you out without the need for advertisement if I may use this as an not so appropriate analogy.

The firm seem very comfortable with maintaining the level of debt it has over the past 5 years without the urgency to pare it down compared to other firms. FY2019 Capex> mkt cap. brings to mind if one is able to spend more than one's net worth considering the dire situation....hmmm

just penning down some thoughts which may be irrelevant.

Congrats  Now you are in a better position to decide if your thesis is correct or wrong