Despite a "mediocre" financial performance, that was the best conference call management has ever given. Kudos to the analysts for asking all the right questions and kudos to the CEO for engaging with them on all topics.
There was lots of discussion about shareholder value in the q&a including paying down debt, the NCIB, organic growth, divesting of underperforming businesses and future dividends.
When and if any of this happens isn't the point but it was refreshing to hear what appeared to be a contrite CEO openly discuss all options.
The entire managment had quick and decisive answers. We even finally got a good answer to why they kept NHS in operation. I"m not buying that Europe is an "economic problem" but as long as they aren't acquiring anything until it is fixed, I'm fine waiting it out.
The only thing now keeping the share price depressed is credibility. As they say, it's time to put up or shut up.