Distressed by a loss of a major customer (accounting for 2000 tons annual volumes), CCLP's revenues nerve-wrackingly tumbled last quarter (down 18.3%), resulting in some 24% drop in operating profit (yoy basis). OPMs slid to 20.6% from 22.2% in the same quarter a year ago, no smallish cut from peak margin of 26.2% in Q2, when optimum capacity utilization coupled with increased sales of small packs propelled margins. Despite attempts to reduce promotions in each of its domestic SKUs, plans are...