RE:Yes!tamaracktop wrote: Ask yourselves this question. Seriously. "What could make this stock go much lower from here?" Hoping for a close mid 70's or better on several million shares. We'll see.
$0.62 now on 3.02 million shares.
An upside reversal is looking increasingly possible, if not probable.
The spectre of overhanging legacy issues has been dealt with and is now history, and the company has detailed and quantified its cost-cutting efforts.
Work-sharing in Europe and headcount reductions in North America so far will reduce costs by $5 million annually.
These savings will flow right through to the bottom line.
Management is performing.
The company appears to be blue skyed with regards to margin improvement going forward.
I would suggest management was being conservative in their guidance for 8%-10% gross ebitda margins by the end of 2024 when they announced Q1.