They are stocking extra China label product for A2M because what was made before late Feb could still be sold in China- one would expect that a2M will need to unwind that $70M or so of inventory before they order more. That suggests cash will come in for the inventory, but it also suggests plant overhead recovery at the moment must be ugly. Fixed costs don't go away just because volume/throughput isn't there...
SM1 Price at posting:
$1.69 Sentiment: None Disclosure: Held
