Post by
mlmack66 on May 01, 2024 7:58am
Hidden value
It's always good to look under the financials for hidden value in companies. One that stands out is undervalued real estate on the books which I don't think applies here. The other is tax credits. Novra currently has $5.0 million in federal and provincial unutilized investment tax credits as well loss carried forwards of $12.9 million. These amounts could be very attractive to a potential buyer. I'm not an accountant, anyone out there have any expertise they could share on these assets that might attract a potential buyer.
Comment by
Ciao on May 01, 2024 8:41am
Do they own their mfg facilities?
Comment by
mlmack66 on May 01, 2024 1:59pm
Doesn't look like it from the financials.