The other thing going for it is a management which has shown over the years an ability to produce sales growth. If the present weakness in sales is systemic, you're probably right. But if they are able to return to sales growth, the current price becomes quite attractive, IMO.
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton
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Price is a crazy and incalculable thing, while Value is an intrinsic and indestructible thing. G.K. Chesterton