AGM
I attended the AGM this year, again. What I'm taking away from this is we saw a more humble company with the chair admitting that last year's performance was poor and results reflected that. The CEO's spin was that last year everything that could go wrong went wrong. However he was quick to say that this year it seemed quite the opposite was happening. All seems good in TEI world. Increasing back log, repeat clients adding to orders, paid engineering studies increasing and a vote of confidence from the company that was reflected in their news release about a possible share buy back as they feel the company's share price does not properly reflect it's value/potential and it may well be the best place to invest any extra money without leaving the company short on cash.
We've heard the promises many times before but I left with a sense that this time was different. This time didn't seem so much like optimism but rather a company that knew good things were coming.
As always we'll have to wait and see, or bail out of this investment. For now I'm neither buying or selling. Content at these levels to let the remainder of my shares sit for at least another quarter or two.