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jtomm

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jtomm

Re: hweb2 post# 106716

Friday, 08/18/2023 11:48:58 AM

Friday, August 18, 2023 11:48:58 AM

Post# of 113733
BDCO - Inventory jumped out at me a little bit. I wonder if CEO is playing the energy markets a little (in a good way, but in a way that amplifies the quarterly ups and downs even more). Most of their products have a long shelf life, so why sell when prices are horrible? For the longest time they had $19m in inventory. When prices got good, last Q inventory went down to $8.6m.

This quarter inventory is at $31m. Maybe withholding some for better days.
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