Hello Yukii,
You're welcome. Unfortunately East West did not perform well over the last decade. But I think things will turn around now with new management. David Sido had to leave the board as he has been accused by authorities regarding the University scandal in the United States where people were paying professors to get their children into these schools. He also made some terrible investment decisions in Lithium and Cannabis with companies he has ties to, which was shady.
Anyway, East West has lots of cash and assets that can turn things around. In terms of averaging down, you want to be comfortable with every financial decision and I think your friend has a good chance of getting his money back, possibly a small profit this year.
I am new to EW and have a lower cost, but I think the potential is great.
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