Rising oil price should be negative (plastic uses oil), also logistic transportation costs still increasing. Another spike up in international transportation costs in the last few months.
Given their customers operate under pricing contracts, results have a reasonable probability of not being great in 2022.
Having said this, this is why the share price is where it is. Operational profitability is cyclical, and once profits show through, share price will not be at these levels.
Happy with my position.
Contract Manufacturing Future, page-3
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Last
81.5¢ |
Change
-0.010(1.21%) |
Mkt cap ! $280.5M | |||
| Open | High | Low | Value | Volume |
| 80.5¢ | 82.0¢ | 80.5¢ | $10.69K | 13.20K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24983 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.5¢ | 50 | 1 |
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