Post by
shareswapper on Nov 28, 2023 9:41am
Nice Improvement!!!
Q3 showing signs of a turn around with top and bottom line improving. Improved EBITDA and narrowed loss. 2024 should see some cuts in interest rates which should continue to add to the bottom line by reducing financing costs. It will take another couple quarters to turn this Mother Ship but we started the move. Keep digging Boys to find wayts to finish the year strong!
Comment by
vinobuono3 on Nov 28, 2023 9:48am
I am also happy that more profitable packaging revenue demand is increasing and the less profitable industrial plastic revenue is decreasing. It will take time to fully transition this company but the demand for packaging is robust. My only concern is dilution. GLTA v
Comment by
shareswapper on Nov 28, 2023 9:55am
I'm not at all worried about dilution, they have enough gas in the tank for the next 3-4 quarters and as long as the trajectory is positive things should continue to improve from here on out. This is the bottom, should be straight up from here