RE:RE:RE:RE:Down 45% in 3 weeks...Core business is big dollars due to the nature of projects, but very low margin...not to mention negative margin being the reason why they are taking a big dump on Global after less than a couple of years. And no, I do not think that the Global situation in terms of costs was "everywhere". I don't see big guys in the space filling their contracts at a direct loss. I don't see other companies with different but industrial type projects doing so either because of global supplies and various cost escalations. It happened to KNR, I am sure it happened to others as well but far from being widespread as the excuse some would offer to defend what happened to KNR..
Small revenues, with great margins....for a right-sized organization may be a ticket to shareholder wealth. If KNR was to be one of those, I think they'd have to "right size" significantly.
But unfortunately KNR is not the one that new investors will see as an attractive investment ticket, nor the old ones - the most visible supporting clue being the 47 cent stock price, with no bottom in sight. (Yeah, i know, if KNR was a great buy at $2, and $1.50 that was below a PP if I recall correctly, and then at $1.20, snap up these gimmies, right? Right.)
Most of us have invested because of billions of dollars in revenues (BioCloud), then had to "settle" for reaching a $100 million and a few years out target of $400 million. Now even that is all shot. Now we see emissions monitoring stuff with no idea as to scale, and probably envisioning $10s of millions at best, hoping for some growth on a $15 million revenue base from a few years ago. It is hard to put any new money into such a deflated vision. And this is without taking into account the CEO who engages what one can reasonably call some level of gamesmanship. IMO KNR is currently supported in some degree by traders looking to trade on PG.
It will take a few quarters IMO to get a sense of what KNR's businesses can generate from all these unquantifiable news releases. Many tons of better investment opportunities out there for my new money, and if not being stubborn, for the money I could pull out at great losses here.