He has been very wrong on this company, but is very happy to hold on. Still believes that management can pull this one out of the fire. Have a decent amount of revenue. In a good space. Think they're just about cash flow neutral now.
Has been a disaster for them.
He liked the new management, but it has proven to be a far more difficult turn around story.
They have stabilized revenues. Have cut costs and hired new sales people, so they are making progress, but it is still a question of if it can be turned around.
If it does it will do well, if it doesn't it will go under.