Thanks fantazzyd,SYP had a harsh fall from grace since the glory...

Thanks fantazzyd,
SYP had a harsh fall from grace since the glory days in 2007,where it had an MC of around $80m.
It is now under $3m......In other words a "total wipeout"
Obviously there were mistakes commited along the way,in addition to the GFC.
There is certainly a glut in timber flooring products,mainly from China.
A few factors favour SYP:
1) Their "green" product (not sure if there is a competing product)....if not,it is a distinct advantage.
2) The transportable block factory will give them an edge.
3) Exemption from antidumping law in the US.
....
SYP seems to be in a reasonable financial health after the recent rights issue.
There are signs that home building is accelerating in the US & with a strengthening USD,should bode well for SYP.
If rvenues double to around $12m,we should expect SP of at least 0.005 ( MC $6m),however there a massive overhang from the rights issue that needs to be chewed up (given the minute SP,though,it will be a small bite)