CTHR - No, I didn't listen to the conference call. I did just now read the exchange between the CEO and Paul Johnson that you referenced. That's funny and not funny all at the same time. Another lousy quarter.
I was talking to my daughter yesterday about their business. She told me that the moissanite and lab grown diamonds are very popular these days with her age group ( early 20s). She also told me that she was seeing those type of rings all over tik tok and various other places. After speaking with her, I'm wondering if the competition is eating away their market share.
The balance sheet still looks great, but they can't continue losing money like they are currently. I'm holding on for now since it is still so cheap, but I may change my mind if they have to start melting down the inventory!
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.
