May Acquire or Be Acquired? Ryan Irvine likes McCoy as a top small cap pick on BNN today. Calls it a Yield and Growth story. Recently tripled the quarterly dividend to pay a yield of 3.6% - I think the dividend increase is a strong positive message from management to shareholders.
Clean Balance Sheet with $19 million in cash, or
.70 per share. Says they have a 25% market share in Western Canada & US. Revenues up 30%, he predicts eps of
.46 this year. With the cash he says they could acquire another small company in the industry or attract a takeover.
The stock traded over $4 last year until the end of August. There are strong buy recommendations out and target upgrades from $5.25 to $5.75.