Del Monte sinks into US$127.3M net loss for FY2024, down from US$17M profit last year
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https://sg.yahoo.com/finance/news/dual-l...45363.html
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#2

This is a surrogate stock used to do a LBO of the US parent using high debts and right issue. The high debts means margins are wiped out by interest payments when rates go ip


After the purchase is made, the stock is a struggling entity

I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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