GREY:IPPQF - Post by User
Comment by
mcv1on Aug 30, 2019 6:42pm
127 Views
Post# 30085032
RE:Q3 results ugly but better
RE:Q3 results ugly but betterYes. Ugly but better sums it up.
Ciao, you are likely right that share price has hit bottom. From a price to sales ratio this thing is trading at a crazy low price of about 11% of sales. Good news is sales went up which means they are starting to ramp up production. Cash is improved greatly from end of June and lots of new products. If they can improve margins this thing will make lots of money with the tight share structure.
To answer your last question. Apparently it is very difficult to make playgrounds profitable. Especially when you have operations on 3 continents. It is clear that operations needs better management. This is a bring forward item......