DM has been priced as if it were going bankrupt. Today's announcement of the sale of two minor
holdings for $17 million provided positive insight into the net worth of the company and its ability to make debt payments going forward. The stock is still cheap, and I will go out on a limb and predict it will double from here in the next year. (FWIW ... I have owned it since the IPO in 2007 and have a lot of confidence in the management team.)
I haven't followed the company for very long, and I don't have an assessment of management. Could you explain the source of you confidence in their abilities? To me it looks like they put themselves in an overleveraged situation. What I do have confidence in is that James Dolan has upwards of 2M shares. I expect he is very motivated to get the company back to profitability.