RE:Select + LatticeCXR is not going bankrupt, its not going to zero, yet (of course after a couple more bad Q's that may happen, but we'll have to wait and see for that). Right now its trading with a P/e ratio of 1.6 and trading at UNDER 1x Adj Ebitda... Pretty ridiculous if you ask me, not too mention the debt is being serviced well with good cashflow from operations and with the dividend cut (which in my opinion was good news) they'll be able to service it even better... They cant afford too many more screw-ups I can acknowledge that, but they can turn this ship around with their new CFO (or be bought out at a large premium to this price...).
I dont see $20+ anytime soon unfortunately, but this jumping back into the high teens this upcoming week is very probable, which is a pretty nice upside from these levels. The bad news simply didnt justify a drop like this to these levels, the stock dropping to $20-$22 had already priced in a bad Q so a drop to $13 just makes this stock way way way oversold.
Some good upside here for this who can stomach the volatility in my opinion, ALWAYS do you're own DD.