$1.42 of cash / share (an the stocks trades at $3...Just went through the balance sheet.
CLEAN, CLEAN balance sheet.
Cash / share $1.42
Book value $4.00
Hardly any intangible $3.7m or 11 cents.
A good portion of the debt is at zero cost (Quebec grant).
Income tax shelter for the US for a few years to come(See below).
Outlook from mngt VERY positive.
This is a hidden gem.When it gets discovered, it will move big time.
In the mean time, i am very happy to be a shareholder and yes, i to believe that this will be a $5+ stock.
As at April 30, 2023, the Corporation had operating tax losses estimated at $26.1 million in the United States available for carry forwards, for which no deferred tax benefit has been recorded in the Corporation’s Consolidated Statements of Income. This will have a favourable impact on future cash outflows of the Corporation, which will not have to pay future income tax until the full amount of available tax attributes has been used in the different jurisdictions where the Corporation executes contracts.