Congratulations, longs, on the AS reduction. That's a big deal, IMO. I'm surprised by the filing, and surprised that the PPS didn't respond better than it has. I guess the news was expected, and there is some amount of "sell the news" going on, as well as profit taking from all the folks who got in a lot cheaper than this. Also, 900,000,000 is not exactly a small number, and people may be taking profit in order to play with other people's money instead of their own. I don't blame them.
But that AS reduction is a very good thing in several ways. Best thing management has done in quite a while, IMO. If they'll ungag their TA and really get transparent, that would be the next great move they could make. Then even I would find little to fuss about, other than their accounting.
Again, congratulations.
A good bottom's hard to beat.
e
