Savvy Trades and Investments

[nelson1234]

SIF has this quarter changed your mind? I still own a VERY small position. Things seem to be getting better, backlog continues to grow, but they still have a profit problem. And of course they are going to have to refi quickly or else. Its not a huge amount of debt (I'm going by memory), but enuf. And I noticed interest expense this quarter was super high... maybe they had to pay up for some covenant fees?

As I recall they own outright their huge Cleveland facility as well as the large one in Italy (why are they still in high cost Italy? who the f knows). You'd think that maybe they would have tried to do a sale leaseback to generate cash being they're under financial duress.