We could see a reversion to profitability if the oil and gas industry picks back up. Another path may be to exit the shipbuilding business. The 2020 10-K shows massive operating losses in the shipbuilding segment but operating profit in the company’s traditional fabrication division.
I like the downside protection on GIFI. Do you expect a turnaround/return to net profit in the future?
We could see a reversion to profitability if the oil and gas industry picks back up. Another path may be to exit the shipbuilding business. The 2020 10-K shows massive operating losses in the shipbuilding segment but operating profit in the company’s traditional fabrication division.