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Enterprise Group Inc T.E

Alternate Symbol(s):  ETOLF

Enterprise Group, Inc. is a consolidator of services, including specialized equipment rental to the energy/resource sector. The Company works with systems and technologies that mitigate, reduce, or eliminate carbon dioxide (CO2) and greenhouse gas emissions for itself and its clients. It provides specialized equipment and services in the build out of infrastructure for the energy, pipeline, and infrastructure construction industries. It has fleet of wellsite modular/combo equipment, specialized heating units, tunnelling equipment, and other heavy equipment pieces. It offers specialized infrastructure services, such as coat curing, thermal pipe expansion, scaffolding and more. It provides low emission, mobile power systems and associated surface infrastructure to the energy, resource, and Industrial sectors, through its subsidiary, Evolution Power Projects, Inc. Its other subsidiaries include Westar Oilfield Rentals Inc., Hart Oilfield Rentals Ltd., and Artic Therm International Ltd.


TSX:E - Post by User

Comment by foundalphaon Feb 10, 2022 2:47pm
97 Views
Post# 34417716

RE:RE:Here's my estimate of how much $ they lost in 2021

RE:RE:Here's my estimate of how much $ they lost in 2021Do I have an estimate of 2022 bottom line? No. Could I estimate liquidation value of the company? Yes. You wouldn't like the answer.

You really believe 2021 isn't important? I suppose their loss for 2021 isn't important if you look at the accumulated losses of $53 million on their balance sheet. There's a pretty obvious 15-year trend line.

I don't think a sophisticated investor would seriously consider an investment in Enterprise given its consistently dismal financial performance and management entrenchment. Look at management compensation. Look at the interest rate Enterprise is forced to pay on its borrowings (10%). Look at its history of buying assets only to later resell them at a loss.

I wish you successfull profits in trading this stock. I wouldn't fall in love with it believing it's a good long-term hold.
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