I see this as a steady result that was fairly predictable. As with every report, it was presented simply but provided all of the knowledge required for an investor to understand and make any decision that they deemed appropriate. There were no surprises. The issues around freight costs are starting to ease but interest costs increased substantially caused by the increase in external debt necessary to develop production sites. It's intended that the new developments will support improved efficiency resulting in improved profit margins and a reduction in supply chain issues. As a small company, they experience all of the headwinds that are felt by the larger companies but, as a smaller company, the headwinds do more damage to the numbers. But despite the hits to the numbers in the immediate term, they continue to move forward slowly.
The following table helped my confidence:
The year 2019 was the last "normal" year. They took a hit in 2020 and have improved solidly ever since with every region improving almost every year.
SDI Price at posting:
89.0¢ Sentiment: Hold Disclosure: Held
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