Time to Buy? What are your thoughts on Geodrill; with the 15% decline in the last few days, would now be a good time to buy?
It has had a rough two weeks, but remains up 15% in 2023. At 5X earnings with a 2.6% growing dividend, it is about as cheap as they come. It has net cash of $10M, and good recent growth, though consensus calls for slowing growth in the next two years. Insiders own 49%. The last quarter was good, and it raised its dividend 33% in March. There is small cap and sector risk here, but otherwise we think it looks good. There is no recent news to account for the weakness. (5iResearch)