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Omni-Lite Industries Canada Inc V.OML

Alternate Symbol(s):  OLNCF

Industrials
Omni-Lite Industries Canada Inc. develops and manufactures mission-critical, precision components utilized by Fortune 100 companies in the aerospace, defense, industrial and energy industries. The Company has three business segments: forged, electronic and investment casting components. Its forged products business is conducted in Cerritos, California. Its electronics business is conducted in Nashua, New Hampshire, a value-added contract manufacturer of electronic components for electronic sensors serving the defense, aerospace, medical, and secure communications markets. Its investment castings business is conducted in Brampton, Ontario, where it manufactures ferrous, non-ferrous, and light-alloy investment castings of highly engineered, high-performance hardware and structural components for aerospace, defense, nuclear, and industrial applications. It has developed patented technologies for transferring products through multi-die machines with segmented tooling.


TSXV:OML - Post by User

Omni-Lite Industries Canada Inc > This company has been so poorly run for the shareholders.
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Comment by dileas48son Jan 07, 2021 8:44am
197 Views
Post# 32240571

RE:This company has been so poorly run for the shareholders.

RE:This company has been so poorly run for the shareholders.
I totally agree.  I was lucky to get some shares out in the last spike but I'd still like to dump the rest.  There was a time when I was green in this, and I thought with government contracts and aerospace development it was a no-brainer.  Even previous managment, when the economy was positioned to be so beneficial to this company they blew it.  I used to think I'd hold on until I got back to even, but I should have sold in May and bought the banks.


up2005 wrote: David Grant has never been concerned about the shareholders. I have been in this LOSER for 10+ Years. The potential was tremendous, the expansion of facilities and equipment, signed contracts, aerospace, automotive, sports, military. The production numbers looked good but it has never flowed to the bottom line. The EPS and sp has stagnated and now people are just heading for the exit doors. Fed up with the lack of performance.

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