Yes and no. It reminds me that the industry is capable of allowing 20-25% gross margins and over $10m profits are achievable from the revenue levels CAV has. Big turnaround still required to get there however.
On wool carpets as well as synthetic? Perhaps Godfrey has already eaten CAV's synthetic lunch.
Yes now down to $33mil.
Maybe still very high for a company whose market cap is only $34.3 mil.?
Yep still a way to go, but to reduce debt by $7m and reduce inventory by $5m is to me a win win. Moving inventory over to reduce debt. That is what they needed to do and so far so good. Way to go yet but if the 2nd half is like the first s/h's can start breathing a bit easier.
Yep still a way to go, but to reduce debt by $7m and reduce inventory by $5m is to me a win win. Moving inventory over to reduce debt. That is what they needed to do and so far so good. Way to go yet but if the 2nd half is like the first s/h's can start breathing a bit easier.
Yes starting to look very interesting.
Just wish I was not so negative about manufacturing in NZ.
Yes starting to look very interesting.
Just wish I was not so negative about manufacturing in NZ.
It's hard to be positive about manufacturing in NZ, given our relative costs, distance from markets and small scale - unless it comes with a particular, niche quality. CAV must be one of the few wool carpet manufactuters around these days but do their products have that niche quality?
Originally Posted by Scrunch
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