+ Watch DVOX
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Goin' back over $10
I bought during the carnage on Friday. I think the selling was overdone and it will bottom out soon, but could even go lower. I analyzed the balance sheet and at this price, you are getting it for liquidation/cash value. The "loss" was mainly non-cash so in real terms, it didn't lose any money. They have a huge goodwill, which allows them to show a loss for tax purposes but it's a phantom item which is non-cash on the P&L. The stock is trading at bankruptcy pricing and the net cash / liquidation value will be a firm bottom. Any good news will boost this one.
Unjustly pounded by the market
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