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Reko International Group Inc V.REKO

Alternate Symbol(s):  RKIGF

Reko International Group Inc. is a Canada-based diversified, technology-driven manufacturing company. The Company provides support to manufacturers and producers as their go-to supplier in automation equipment and machining services. It designs and manufactures a variety of engineered products and services for original equipment manufacturers and their tier suppliers. These products include design and construction of specialty machines and lean cell factory automation solutions and robotics integration, and high precision, custom machining of critical components and assemblies. The Company has diversified beyond automotive and into a number of sectors, including aerospace, rail, power generation and capital equipment. For the transportation and power generation industries, the Company machines customer supplied metal castings to customer indicated specifications. For the automotive industry, it conceptualizes, designs and builds solutions to manufacturing challenges.


TSXV:REKO - Post by User

Comment by GordonBon Jun 25, 2022 1:39pm
101 Views
Post# 34782408

RE:RE:RE:RE:RE:3Q21/22

RE:RE:RE:RE:RE:3Q21/22They needed the money to expand their core mold business (which they no longer have) and to allow employee share ownership. They expanded into things, mostly through acquisitions, which failed miserably. They bought concorde machine and that's basically all that they are now. If they had stayed in their core business, they would basically now be making significant money as the mould industry has been solid for the past 10-12 years. Even with their current incompetence you can't really lose with a stock price that is 60% of book value.
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