I am right there with you as far as being more positive - but i'm "incrementally" more positive. Look, I don't think anyone believes that MWW should be valued at the same multiple they sold a partial interest in the Korean business - let's not forget that when looking at a multiple of EBITDA, this business was running well over 2X the corporate average. But, let's also not forget that MWW is finally rationalizing their foreign operations and trying to drive scale in cost effective and prudent ways. We saw that with the Eastern European deal. While I believe we're moving in the right direction, I remain appalled by the amount of stock the company's CEO has taken out. It just seems unfathomable that a CEO could pull out over $4M when the stock is down 85%.. Whatever happened for pay for performance. The board needs to work to align shareholder and management's best interests..
You argument is reasonable and balanced, I am not going to carry water for the management.
I agree the management is extremely greedy and they issue so much stock.
Company has bought back 13million shares but they issue 5million shares or 5% per year.
At the same time the laid off losers who come and bash mww are also off base too. This company is extremely undervalued and is not going under.
Keep dreaming.....all of wall street and the rest of the world don't value it anywhere near that....just because some Koreans fat with cash (Samsung and such) doesn't change the fact that this thing is going under.