Post by
retiredcf on Mar 10, 2024 2:10pm
Another View
PNG is a small cap company that you have commented on a number of times, mostly favourably. The stock price has basically doubled since November; can you explain the reason for the recent price surge?
Kraken this year has provided very strong financial guidance. It has also won some significant 'marquee' contracts (i.e. the US Navy). Market cap has also helped. Now over $200M, more investors can buy it. Cash flow has turned positive and EPS should more than double this year. It has a long sales cycle but it appears to be hitting on many strides right now. We think it is interesting, and would be OK adding, to a size representative of its much higher risk level. (5iResearch)