I wanted to begin a thread on SDI - Southern Dental Industires to discuss this stock and get your opinions.
I do not hold any stock in this company but i have it on my watch list.
Its been a real dog of a share over the past four years and its share price has dropped from about $2.20 to 26 cents where it languishes today.
I understand the decrease in share price is due to delays bringing to market a new product it has dveloped called 'Riva'. Its a tooth filling material made from sand/glass.
I also understand that the company will not see profits from this product impact on the bottom line for some time to come, possibly 2-3 years.
I reckon its one of those shares that might be able to be picked up very cheap in the next 12-18 months and could potentially provide great returns 3 years down the track.
I like these long term plays and have done well on similar before.
Anyone have any comments to make?