good run but penny stock great "first mover" advantage, witnessed by the 2 Q's that were great but really how long would anyone expect their tank rental business to be totally undisturbed by new entrants?
57% net profit and everyone thinks no body will under cut them?
This is the problem with investors and stock jockeys- no brains, and pressure to give a Div because brokers are weak with no balls to sell a stock solely on its upside. I know, brokers want it easy and they big sway over a board to do this.
Instead of giving away their profit they should have been entrenching their market share- its not a utility or a telco throwing off hundreds of millions a Quarter. They also have NO IP or technical savvy that would keep anyone out- its a plastic tank.
Buy a stock because its a stock and you think it will go up, not for a dividend. Buy a bond for that.
Their margins will fall in line with a small business in a competitive environment 7-12% and at $50m revenue I value this stock at $50m mkt cap at a 10-11% profit margin so roughly $0.66 .
Its a small business that had a great "pop" in earnings for 2Qs- if they are smart they buckle down and grow it out to 100m in revenue and sell the company for a little more- maybe $120m
start a CPC with the principals and do something else. This is small business, not TELUS