Originally Posted by
Ogg
Remember when IQE were going on about international student numbers, then all of a sudden they disappeared?
Apparently only half the building consents are for free standing houses. Do townhouses need more windows, I dunno?
What's going to happen when the new competitor comes online in 18 months time? Will they start to build inventory like CVT does with honey?
Jokes aside, it's easy to see what went on here. The good times seemed like they would never end, so they levered up with debt to fuel growth with new factories and expansion into new markets. Now the spring is in reverse and it's come back in their face.
Do I want to throw the dice here at 50 for the hope of an outside chance of 85? Maybe. Do I want to do it against Bain, no.