agreed with you particularly some on off supplier issue and cost inflation. this is an engineering industrial company buying at a high sp and expecting it to grow exponentially seemed too high expectations? certainly they have disappointed many. the current pe is almost 20. however, if they return their eps to previous year ie 0.04, it would be trading at a decent pe of 10 to 15. i hope not something deeper going on resulting in a permanent decline. i think management did provide some comfort by purchasing some shares in the recent months.
LBL Price at posting:
59.5¢ Sentiment: Hold Disclosure: Held
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