The problem is the next quarter result will even worse than this quarter as the cutting throat price competition with neighboring countries just started and expected to last until 2021
The problem with this company is putting heavy investment for the new plant at the wrong timing.....
The management should scale down the operation to conserve cast rather than piling up inventory for getting lower cost for artificial financial window dressing ....if not careful.. Will join London biscuit...
i hopefully for those which stuck can cut lost fast and switch to other shares.. obviously is downtrend, and qr result not good and if u plan to look back , just wait have better qr result onl look back... understand cut lost is pain, but it slowly drop 5 cent per day
u already paper loss over 50%....is it too late to ask? cut loss usually set 5-10 percent la....most also 15....come to 50...very difficult to give u opinion d.....
evergreen always say want to do RTA furniture with higher margin...but seen not the case.....still very much focus on low margin MDF....management is not working hard enough...haha
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
CUTLOST
5,178 posts
Posted by CUTLOST > 2019-08-15 14:22 | Report Abuse
Going to uptrend..next year..