RE:Re PTQ's position in the marketplacefergus2 wrote: Today’s clip on BNN.ca: “Professor whose formula predicts bankruptcies has a big warning.
It refers Edward Altman, creator of the Z-score and professor emeritus at NYU’s Stern School of Business. it gives one sober pause. What’s coming down the pipes shortly ain’t pretty. I would encourage anyone who has not watched that clip to do so.
I would therefore alter my view that Crawford should rush his tuck-ins. Rather, he should take his sweet time. With 35+ million in cash and a modest share float this company has tons of momentum compared to the host of U.S corporate casualties strewn about, - and those numbers being added to almost daily.
For a small cap to be flush with so much money while so many others are passing out of existence, -and be in such a relevant and critical position re the Covid 19 crisis is the most amazing happenstance one could ever imagine. Call it a one off if you will, but no amount of human planning could ever have delivered such a fortuitous result. So hang on to your shares they are like the real thing… gold itself!
I agree wholeheartedly with your opinion. To be cash rich and ready before the sale of all sales is about to commence is more than luck but also good planning. Small tuck-ins just before they close their doors bought at bargain basement prices is the way to go. Especially in or near their core market areas.