The contraction from 60 to 58% on GPM is disappointing. Though I think some degree of contraction could be expected on the declining revenue alone. I imagine overheads would not have changed and with some 17m in inventory on the FY2017 report a fall in amalgam sales may cause a resulting inventory build up - this will be worth watching perhaps.
The ultimate question is has this reduced the value of the company by more or less than the 20% fall in EV today? I notice that @madamswer has reduced his sentiment to a hold. Having been burnt doubling down in situations such as this I am just sitting tight.
SDI Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
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