This his is not the debt laden basket case it once was fats. In fact it is now in a net cash position.
Stock valuation requires an evaluation of future prospects not just a scorecard of past performance. It seems you're focussing heavily on past performance with little emphasis on future opportunities.
Now that the business has it's debt under control, I think the next challenge is to improve efficiencies and increase free cash flow.
TPI Price at posting:
86.0¢ Sentiment: Buy Disclosure: Held