RE:RE:Q1 Earnings OutThere's seasonality in the business so a straight extrapolation may not be the way to look at this.
There was a video shared earlier where management said Q1-21 was a really good quarter because of the timing of revenues back then. They gave guidance that Q2-22 would be similar to Q1-21, but really, when you consider the boost Q1-21 had becuase of timing, quarter over quarter, Q2-22 was actually a really good quarter. Q2-22 will set some records.
Can they achieve $0.55 - $0.60/share? I think so.
This current SP doesn't make sense, but that's what you get with a small cap. Debt is under control and likely used for new equipment that is revenue generating. Net cash position and as management said, they're a thorn in others' sides. Something will happen eventually to the benefit of shareholders.
1.4m options will expire in a few days with the strike price aroud today's. Curious to know how that will impact the SP next week.
I think I said this last year, but I really do this this is an easy double in this commodity cycle.
I'm holding and accumulating on days like today, but very frustrated.