Not holding...buying. It may take years to come back but until the operation loses money on a consistent basis, IMO there is a chance for a comeback. Q3 will surely show another loss but my hope is that the manufacturing-wholesaling business is cutting expenses as revenue drops and that ENZO becomes more profitable as the business matures.
There would have to be some serious erosion of the $3.37 book value to warrant a sale now at $.51.
It's painful to wait and be in the dark but the November earnings rrelease (and further guidance) may shed some light If Warren Buffet thinks GM is a good investment, I'll stick around with this badly beaten stock...China may avoid the economic woes we have.