I've looked at the available financials and assorted news to figure out just why that is the case - as far back as when I lost my bee-hind riding it down last year waiting for the bounce.
Based on what I saw (and my experience working in big corporation's resin plant) I think the biggest issue was one of not running at capacity. Their overhead costs were terrible, but shouldn't rise significantly if they picked up a production partner or a several more large customers. These plants run on a skeleton production crew where more time is spent running samples and cleaning while the batches cook than actually 'doing' things - it's not like production line labor. Running more product wouldn't proportionally raise labor costs or expenses like equipment, tankers, totes, etc.
That said, they unionized recently, right? so who knows what that cost could be.
Granted, they don't give any detailed breakdown on costs so it's an educated guess, but I think they are sitting on top of the hump and all new business - as long as it's in their wheelhouse - would have increasing returns. That's also based significantly on the cost of feedstock and the price of alternative product that allows them to keep good margins.
