RE:Now what?Q1 is a seasonally weak quarter (look at last year). Also, investors should be expecting additional headwinds including competitive pricing on Lauzon's wholesale business (Cargill is now competiting), a contract loss (no benefit from the closed facility), and increased opex investment to increase its sales force (with no immediate benefits). I also believe profitability improvements from cost reductions should lessen in Q1 compared to last year since cost reductions began to occur in Q1 last year.
So while the shares are down to much more reasonable valuations, maybe buying after Q1 makes more sense. Tough to tell since Fabrice pumps this mindlessly.
And I agree. M&A is what gets this story to take off (at this point). But I think the company needs to repay more debt and look to build its salesforce before doing anything like that. If it does M&A and the shares move past the conversion price (of $2.50/share) and the company naturally delevers...it could do more M&A. That's where I get really excited.
But, I'm still on the sidelines for now.