The business has been able to hold during Covid-19 without going backwards even though from April to June the world was mostly shut down. I think we in Australia under estimate how much Covid-19 is impacting business in the US and Europe as we have not seen it here. The US shipments were at a record in the 4th quarter and you have states like California, Oregon and Illinois shutdown and some others partially open like New York. Hopefully we see more increased shipment numbers in the next 4C and some solid sales growth as the business needs to move to a cash flow positive situation as soon as possible in the US. I think we all would have liked to see more sales growth to date but 2021 will hopefully give the business some runway to do so with the vaccine roll out on the way.
VTI Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
