@madamswer usually, probably more than 90% of chance that if a stock has difficulty climbing the round dollar barrier, they usually fell 20, 30% if not more thereafter.
with SDI, they were in 60s some 12 month ago with much better inventory turnover, they have said in 2 consecutive financial report they intentionally stock piling, but i highly doubt that argument
anyway, now Brazil is one of epic centre of virus, bqnkrupted country has no means of health capacity, what does that mean to SDI factory facility, what that means to 17m inventory, and what that means to poor workers there...
I say share price will revisit 60s, potentially they need to get a temporary loan against unsold inventory
SDI Price at posting:
74.0¢ Sentiment: None Disclosure: Not Held
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