TPI has a directionless SP at the moment. While it may appear the market doesn't particularly appove of Vik Bansal, I would say he is busily juggling the numbers and will emerge with a plan soon. TPI has virtually no debt after selling NZ and vehicle building. If he merely continues existing efficiency improvements (suitably repackaged with his name in front) the business will kick up. The lack of debt means they can pay a dividend even on modest earnings, even with an asset writedown. That would turbocharge the SP. I think TPI is about to surprise. Full year Aug 19. I am fully invested at 71.2c.
DYOR
TPI Price at posting:
71.5¢ Sentiment: Hold Disclosure: Held
