My thoughts Things to look forward to in Q2/Q3 of 2015:
New CEO - (My guess is that they are going to promote from within, maybe Executive VP Benjamin Bar? or Chief Technology Officer Matti Martiskainen? (This would be cost efficient and a smooth transition). I would assume that they have already chosen the new CEO and are training him/her. That way once they will release the news, the new CEO will appear confident, strong and optimistic about the future (thats what I would do at least…)
Higher Revenues - This is BYL’s weakness right now. They have all the facilities, technologies, and patents needed, but they lack a foot in the door. The reason for this is probably because they can’t beat other manufacturers prices. Unfortunately their customer base is not very diversified. Yes, they have blue chip customers, but what they really need is more orders to be placed by other (smaller) companies. This will give them some bargaining power and will let them achieve economies of scale.
BYL’s distribution agreement with Hutton Communications will hopefully generate more diversified revenues.
Lower debt - Its great to see they BYL is paying off debt, however it is also unpleasant to see their cash levels lowering after every quarter. I believe that (hopefully) by Q2 bank loans will be paid off and by Q3 we will see a better Balance Sheet.
Final note:
BYL is a strong company with deep roots, good connections and a qualified board of directors with skin in the game (cant say the same about management).
I believe BYL will show up and make a nice (long term) turn around. If you are a short term investor, leave now. If you are ok with a bit of a roller coaster ride, then hold on to your shares (and even load up) for a while… Im assuming that Q2 will be similar to Q1 (I hope im wrong, but im trying to be objective) and that Q3 will be a turn around.
Feel free to share your thoughts.