Maybe, just maybeWow, this board completly dead. Not sure if everyone lost hope but there may be some positives now for PTE to potentially increase sales and return to profitability:
- Interest rate hikes should not hurt them as bad as other small companies that need to borrow. They have some inventory to allow for some increase in sales.
- Now that things are opened up, some of the clients looking to install their product may actually do so.
- The high fuel prices will probably force many modest income families not to travel. Home improvements are an alternative.
- High fuel prices may also deter many from purchasing gas stoves/ovens, and increase the sales of electric units.
- High inflation and increasing prices may make glass top & induction stoves unaffordable for some, with the alternative being a coil stove. This is even more pronounced in apartment buildings, etc.
- US government may actually be looking at reducing tariffs in general to offset inflation and increased costs due to supply chain issues. I have not heard anything about this but governments are looking for ways to assist with these issues.
- One negative will likely be increased cost in deliveries from china once sales pick up.
I still am finding it strange that sales were increasing just before the pandemic and have not even started to pick up again.
Got to think the moment earnings break even SP will likely gap up. Will that ever happen, who knows??? But at $0.03, well….
GLTA