No. of Recommendations: 3
Gee, that brings me back. I had some a long time ago...I bought on the end-2018 dip. Other than about one quarter in the pandemic bear, that 2018 dip was the lowest pricing till this month.
Today, fortunately I am no longer a holder. I got out part way up the 2020 rally roughly near breakeven, as I spotted better opportunities that I figured I understood better.
That announcement today is quite the boatload of bad news. Wildly bad quarterly earnings, withdrawing guidance, hiring consultants to look into a boondoggle in Germany, and "toss the boss".
If anyone things that any or all of those issues are transient, it might even be a buy ($17.42). But not for me.
Jim
