FLINT Corp T.FLNT

New contracts

[Willthethrill]

So Flint has announce over $611 million in contracts in the last 6 weeks ( in november in the 3rd quarter 350 million, December 1st 115 million, today 146 million). Easily on pace for 1 billion in contracts in a year. 

The valuation is 4.9 million, I cant wait till this takes off, I still think Summer of 2023 it will be up and then up up up up, who know where it will land but Im think over the $ 2. And with these contracts Im sure they will eventually be able to pay off all the debts.

[retnirps17]

It wouldn't matter if Flint announced $611 million or $1 billion in contracts. Thier track record demostrates thier inability execute and be profitable in any of the services areas offered with the odd exception of the Weld Overlay group. Furthermore, is thier any varification of said contract values?

[Willthethrill]

Ya, your right but I think they will turn around, in 2023 they could make 500 million and Im sure they will net 25 million, most will go to debt and the following year it will be better and so on. Im sure they got the new contracts at the 21st Annual Shutdowns Turnarounds Superconference. There is also no need to buy this right away since the sp will stay low for a long time then start to rise

[SteveW29]

Indeed :)

[indianajones66]

how much do they owe? can't wait till this baby moves up bigtime! all the best!!

[RealdealKP]

Could not agree more.  They have been posting these awards for years but always loose money.  Moreover, these "Contracts" are not contracts, all work in this space is done under Master Service Agreements which can be cancelled at any time.  Even if they executed all of these contracts, there is very little margin in this work and no free cash flow to shareholders.