RE:When you think about it!Bubbajohny50 wrote: Now is probably a great time to buy for those with a year or two investment time horizon. Increased revenue, new sales staff, increased product knowledge and study data probability coming out soon. And several other positives. This is an easy double to 10 fold increase.
The payoff could come much earlier than 1-2 years out. CVX is coming off a record Q3 with revenue up 62% vs. the same quarter last year and up 32% year-to-date. Over one month into Q4 the CEO stated 'extreme' confidence in 2023:
"We remain extremely confident that 2023 will be the best year in the history of the Company with the volume of work that we have contracted or in the process of being contracted for 2023,” concluded Mr. Kendrick." news release
He then bought stock for the first time this year adding ~$35,000 in stock to his holdings. Another director added $18,710 worth of shares in August. Another director added $33,000 worth of stock in May and June. There has been no selling this year by insiders.
The forecast for 2023 is based on the established backlog. CVX also announced this week the strengthening of its sales team in North America. The company is ready for aggressive expansion.
CVX will be hosting an Investor Webcast next week. The last Investor Webcast it hosted was in August of last year when it announced the renewal of the agreement with Lafarge. “CEMATRIX and Lafarge plan to continue to expand on these successes by committing sufficient resources to furthering cellular concrete markets and cement sales throughout Canada,” continued Mr. Kendrick. “Both parties are also exploring the potential for joint research projects and the continued testing of alternative materials for the mutual benefit of our companies and the benefit of our environment. This is consistent with the commitment of both parties to be net zero in C02 emissions by 2030.” August 25, 2021; news release
Tax loss selling is almost over and 2023 is almost hear. Budgets and contract for 2023 are being set.