2024-06-30 00:07:11 ET
Summary
- Previous article aimed to predict business recovery, but price dropped 30% shortly after publication.
- TPI Composites hit low of $1.63 in November 2023, but recovered up to $4.5-5.5 since then leaving investors asking "What's next?"
- The current situation for TPI Composites remains very risky, potential for turnaround is uncertain. However, there are some tips about handling this stock.
- The bigger picture can actually play a big part in the future of this story.
Almost a year ago, I published an article: ‘TPI Composites: A Spoon Is Dear When Lunchtime Is Near’ - an endeavor to defend a thesis that the worst was over for the business – it probably had to recover and resume growth slowly but surely. Alas, that did not go well. Two days after the publication, the price went down more than 30%, and in November 2023, it touched an absolute low of $1.63. This time, I ventured to refresh facts and figures on TPI Composites ( TPIC ) to comprehend where the company is standing now, for readers and especially myself. The situation is far from being bright and risks are excessive, but is the end so obvious? Let us see. ...
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For further details see:
TPI Composites Could Be A Bad Idea