Do management think a 10% gross margin is achievable? Thats doubling the 4.9%, the most recent margin we know of. That occured with the plant running at full capacity and most, but not all, converted to the higher spec output.
Just generally speaking, Chinas forte is in producing lots of low cost, low margin products. Probably good strategy by the Mesbon to go for a premium product. But just because of those 2 closing months, imo the jurys out on how profitable we might expect the company to be going forward.
If 10% is a realistic prospect, then agree this is a no brainer.
MES Price at posting:
9.8¢ Sentiment: None Disclosure: Not Held
