RE:RE:More restructuring????Restructuring is happening because DCM is a paper business undergoing a transformation.
The company is reducing its variable/fixed costs not only to maintain margins, but improve them. A lot of work has been done to rightsize the footprint in the last several years and I think there is still a little bit left to do (I estimate $5 million of restructuring for 2021).
I think revenues will stabilize and eventually grow in the second half of this year. I'm assuming it's the last year of sizable restructurings.
There's a reason the shares trade at 2.5x EV/EBITDA...
Once the company can show growth and limits its restructuring costs...there will be a lot of upside.