RE:Actually, MCB is still a great investment!That was a quick turnaround in your opinion from disappointment to conviction. I know the feelings but I think I was less let down. I'm a determined patient investor.
i admire the effort you put into your post . I'm not an investor ( Idiotsyncratically ,looking for value wherever it may be found. Hopefully , knowing it when found ) who does estimates and I definitely wouldn't have the cajones to make estimates. My 2022 estimate probably would be a recovery to or a slight gain just above 2020's $38.7 million.
There are things I would argue you are wrong including like the payroll protection benefits ( not a normal source of funds for the company) means the company was marginally profitable , which then throws off the P/E ratio. Still having a profit of $100,000 after a loss of $2.2 million a year ago is PROgress.
You mention " tremendous R & D costs".
"For the year ended December 31, 2021, capitalized development expenditures include internal product design and development hours, in addition to $1.4 million (three months ended December 31, 2021 - $0.1 million) of prototype materials for the SmartFMSTM in addition to field trial expenditures for McCoy's SmartCRTTM and Virtual Thread RepTM."
These don't strike me as being outrageously high on a percentage basis.
It's great to hear "They have further confirmed to me personally, they have enough cash and financing to complete and produce all the smart product line They have further confirmed to me personally, they have enough cash and financing to complete and produce all the smart product line whether or not they make a deal from the strategic initiatives committee." People have raised the concern that they might not have adequate liquidity to finish the job.
Sending you a brief message .
PI