The business model is fine, but it was set up to fail by taking on debt at the wrong calculations and biting off more than it could chew. As such it was positioned to be unprepared for a sudden downturn/more conservative calculation of WIP value. Businesses like SGH (if not SGH itself) can continue to turn a profit.
SGH Price at posting:
57.5¢ Sentiment: Sell Disclosure: Not Held
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