WES

Tell me the logic...

WES went to the UK and bought a hardware chain.  It made a big strategic mistake and withdrew with a massive loss (billions).  I expected the share price to fall when that failed adventure was announced.

So far, its share price has gone up and up.  Where is the logic?  The fund managers were expecting a bigger loss but for me, it is still a huge loss.  In life, everything is relative...