I had a look at their financials and in brief that doesn’t look good. It has quite a few hidden warning flags and signs of distress (I’m a finance professional; I’m not in your industry).
Of note, they are deferring $190m of Capex into FY2020 and the majority of their debt is PIK with tenor of 5yrs or less. As the weighted average tenor of their debt decreases, the discount at which it is priced provides yields that will attract the high-yield special situation desks – in that scenario, you don’t want to be an equity holder.
Not meaning to turn this into a thread more at home on a Bloomberg and I understand many of you may work for this company or closely know persons who do. However, I’d be wary of dollar cost averaging or “averaging down” if you own this stock.