Company trading at half book. Still profitable in 2012
My take is the reason that the company is taking a loss is that some inventory will be written down next Quarter and potentially the following Q. After that they will be profitable again putting new products in their customers hands. Lets take a 1.50 off book value for the restructure and potential buyback. You still have a very cheap stock.
The stock was cheap. With this quarter and the weak guidance for the next quarter, it's tough to make that case anymore. There's a lot of uncertainty here now and it brings up the question as to just how bad it may get going forward.