Hi 2022
On the income statement everything looks rosey, but the cash flow statement shows the true picture, for the first time in a decade, negative cash flow.
Company narrative is the increased inventory and capex is required to position the business for the challenges of covid, supply chain disruptions & inflation. Need to watch carefully to see whether they navigate these issues or the problems run deeper.
I was tempted to buy more as they dropped to just over $8 which is well below my range of IV, but the FCF issues are too big a red flag for me.