Don't understand the author's argument on TIS. Trying to say those significant orders may not even happen? Huh? Company is ramping up their capacity for a reason. This is from the Q4 earnings PR last month:
"I am also pleased that, as previously announced, our bankers agreed to relax our covenant restrictions for a temporary period and increase our debt availability to allow us to bridge the next few quarters to our greater level of operations, inclusive of the completion of the capacity expansion in Barnwell, South Carolina. Regarding this project, the two converting lines are ramping-up to meet the new demand, and the paper mill is still scheduled for completion around the end of the first quarter of 2017, with the major ramp-up of the paper mill occurring in second quarter of 2017. The total projected expenditure for the facility remains at $150 million of which approximately $119.2 million had been expended as of December 31, 2016."
I think those shorting here at the 52-week low will get burned. But sure is working today. Now we know why the stock so weak lately. Frontrunning by the shorts. Wish the company would put out a response.
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