Problems in the US have led to forecast downgrades for Tyman (LON: TYMN) and new management needs to sort this out. A strategic review should be completed next year.
Production problems are exacerbating the tougher trading conditions in the construction sector in the US and UK. Trading for some parts of the business could get tougher in the second half.
The shares are trading on a low profit multiple and a high yield, but growth will be hard to come by over the next couple of years.
Interims
North American performance was hit by production inefficiencies and this also hampered cust...
