True. The Valcambi business which they acquired 7 years ago totally changed their revenue and OPM. What we need to bother is how company can improve on its margin going ahead because revenue has doubled in 4 years but profit has decreased by 15%.
An outstanding achievement by the company is to bring down the debt/equity ratio from 1 (immediately after Valcambi acquisition) to 0.05 now.
Management transparency is the negative factor. But i have been accumulating for the last 2 months since P/B = 1, D/E = 0.05 and business is more like consumer discretionary.
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