Shrug, I don't give a crap about valuation in this space. What is much more important in almost every case is 'What will the company do to drive valuation?'.
Having a P/E of 1, trading below cash, etc...None of that matters if the company shares do not indicate real ownership of the business AND the company acts as it if does by doing SIGNIFICANT buybacks, dividends, etc.
I do still own some CCCL, yes. I'll keep owning it in the hopes that someday management drives value...But i've written it off as a 100% loss in my mind just in case.
-Fernando
