There is a lot in the news currently about US companies getting hit because of currency considerations and the strengthening dollar. SLP sales in Europe were just under 20% for FY 15 and there was a $64,000 expense due to currency changes. The net effect includes other regions... as Asia for example which had sales almost as much as Europe. So this stuff tends to net out and has the effect of being less meaningful rather than the negative comments presented by news providers which have a primary goal of increasing viewers and ratings. Some US companies have nearly 100% of their sales in Europe and they will certainly see a currency expense provided the rates continue the current trend. Currency changes are almost impossible to predict so I don't do any currency type trading but I'm betting that the net effect for SLP won't be significant.
I sold some back at $10+... forgot the exact price. Since then I have bought back part of that sale at $8.07 and have an additional order in at a lower price for some more. My next order may be too low but you never know. Obviously the last purchase was made too high so we just have to wait to see if the selling continues. My crystal ball has a big crack in it so I can't see where the bottom is in the stock price !
Preliminary revenues for the three months ended May 31, 2016, were $5.96 million, compared to $5.94 million for the same period in 2015. This represents an increase of 0.4%, or $22,000, which, although small, represents the highest quarter in the company’s history, following an exceptionally strong third quarter last year.
There are many reason to believe that sales will continue to increase. I have an order in at a lower price so that if this slow sell off continues I will be increasing my position. SLP continues to be my largest position by a wide margin.