Velan Inc T.VLN

Alternate Symbol(s): VLNSF

Industrials

Velan Inc. is a Canada-based manufacturers of industrial valves. The Company designs, manufactures and markets a range of industrial valves for use in industry applications, including power generation, oil and gas, refining and petrochemicals, chemicals, liquid natural gas and cryogenics, pulp and paper, geothermal processes and shipbuilding. Its products include Quarter-turn valves, Gate, globe, and check valves, Cryogenic valves, HF Acid valves, Steam traps, Bellows seal valves and Velan ABV Valves. Its services include research and development, maintenance manuals (IOMs), spare parts and service locations. The North American operations comprising two manufacturing plants in Canada, as well as one manufacturing plant and one distribution facility in the United States. Its overseas operations include manufacturing plants in France, Italy, Portugal, Korea, Taiwan, India, and China. The Company’s operations also include a sales operation in Germany.

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Velan Inc > Strong Third Quarter 2021/22 Financial Results

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Comment by knicksmanon Jan 12, 2022 5:26pm

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Post# 34310411

RE:RE:Strong Third Quarter 2021/22 Financial Results

I don't think the family will ever sell.
But at least they are considering what it takes to surface value.
They still need to clean up the balance sheet (repatriate cash, reduce inventories, consolidate the debt) and focus on M&A and dividends. They also need to finalize these asbestos claims...hopefully with an upfront payment (I don't care how much it amounts to...).

Regardless, the operational turnaround looks really good.
I continue to think this should be trading at least 50% higher...

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