Post by
Catscratch on Aug 14, 2023 2:25pm
stop losses
Seems like some motivated stop losses are getting filled... creating a good buying opportunity for long term investors.
Don't forget the fundamentals:
- Record Revenue, Net Income and EBITDA
- Record Backlog (up 44% in Q2/23)... paves way for strong Q3.
- TTM EBITDA of $87M (7x trailing EBITDA)
- On track to deliver $90- $100M EBITDA within next two quarters (6x forward EBITDA)
- net cash positive (no nebt debt).
Comment by
wkrpradio on Aug 16, 2023 2:57pm
There seems to be a shakeout of cash poor speculators which . I agree, should reward patient investors that buy shares at bargain prices. .
Comment by
microcaphobby on Aug 16, 2023 4:15pm
This is pretty typical. The early buyers reduce or sell their position to lock in profits and the new owners hold for the next upcycle as each q comes out. Meanwhile they collect thie dividends.