Originally Posted by
BlackPeter
Who knows ...
Didn't they open their Auckland factory some weeks ago during level 4 to produce essential glass for the building industry? I guess I can't vouch for their current management, but they used to have (a couple of years ago) quite modern cutting facilities, a thought through logistical process and a motivated and well trained team.
Obviously - other than you am I not privy to the future SP development and I don't make any buy or sell recommendations either. However - one thing I did learn during my investment years is that panic selling based on rumours is as bad as panic buying based on rumours.
Our building industry clearly needs glass (s. above) ... and the competition will suffer the same as Metro Glass under the supply problems. I'd expect margins to go up under these conditions, and didn't they say that they increased storage reacting to the supply issues?
Unless they scratch all their glass, a full storage should be an advantage in months to come.