TSXV:NYX.DB - Post by User
Comment by
stocksnbondson Dec 07, 2016 9:53pm
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Post# 25569481
RE:RE:52 week low
RE:RE:52 week lowDebt is manageable if costs come under control. Debt will be paid down.
NYX needs to reduce headcount. Perhaps rationalize one of its 3 international developmental offices. Why have 3 offices creating games ? It's a luxury when you cannot afford it. NYX became big quickly but now need to get costs under control.
The issue is high costs, specifically labour costs, not debt. They need to be profitable.
sb