There is potentially a very intriguing deep-value case study playing out here.
I've stayed on the sidelines the entire way down because I have learned my lesson historically on the perils of catching a falling knife. Even if the underlying business is sound it is not worth attempting to sail into a headwind (i.e. negative stock momentum) unless one has a very long-term view.
I can't quite claim that this is deep value just yet as the stock is not yet in a position where it trades on a PE, however, they have historically. The US business is a cash burner and if that situation can resolve itself prior to the need for another CR then the valuation will look very compelling.
Unfortunately, given the share price is at all-time lows, there are no precedent/historical support levels on the chart. So just as a stock in blue sky territory can easily move well above fair value, stocks in all-time lows often continue to make all-time lows until they are well and truly trading below fair value.
AMX needs a catalyst for this situation to turn around or someone with deep pockets to see value here and start soaking up the barrage of selling.