Look at genetec who is almost facing the same problem quite recently dropping to a low of 1.13 and now picking up back to hover around 1.4+ . Whoever dare to buy already making 30% profits now. I went in too early on the first day when I noticed sudden steep drop but never expected it to drop beyond its means to reach 50%. Buying at the price of 1.1+ is quite safe . Can try some with excess resources at hand.
This company has been for years taking big bank loans and all profits for big capex, with an emphasis on automation, to just stay competitive as a contract manufacturer. It is a price taker. It has no plans to give any dividends in the next 5 or even 10 years during which time the company is expected to remain in net debt position. Not a shareholder-oriented company. It works for the banks and employees mainly. Little wonder the sell-down continues.
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....
Alfred Aun
1,139 posts
Posted by Alfred Aun > 2018-02-26 16:57 | Report Abuse
wtf counter. from 1.56 became 1.10 only two days, drop like shittttt.