RE:RE:RE:What if you held a CC and no one came?At the very least they need to provide a 3 or 5 year outlook for the business that’s quantified. For example they could say that “ over the next 5 years we see 15-20% CAGR for revenue and EPS growth outpacing this rate” (or possibly lagging due to heavy r&d investment). They could acknowledge that this is a long term view and that each year could differ materially given the cyclical nature of the industry. Simply providing this style of business outlook would give investors something to evaluate without breaching any sort of confidentiality. Otherwise it’s going to be a slow grind higher as investors will wait until the numbers actually flow through the financials (usually investors are forward looking and reward stocks accordingly but not enough information given by AJX for that to happen with this stock).
It has now been a number of years with little to no return in the stock. At what point does the board throw in the towel and sell the business? I still see a ton of potential catalysts forming but if they don’t materialize within the next 12 months and the share price doesn’t move well beyond the $1.00 mark then the for sale sign might have to come up. One has to wonder if a large company that’s well behind the tech curve like Mahindra would be willing to pay a hefty premium to quickly take up their precision adoption... given the price point of AJX products relative to the competition and unique applications such as rice planters it’s certainly a possibility.