Time to buy?They added a second facility and increased the number of products by 78% last quarter. They are adding distribution globally. They are holding increased inventories. They reported strong sales last quarter and profitability. There is no insider selling on Canadian insider from approximately $1.60 down this year. There was a small insider purchase recently. Given the margins a $200,000 increase in quarterly sales last quarter could have meant ~$400,000 in profits. Annualize that and the stock would have a P/E of just five. COV has a sizable cash position of over $3 million.
It wouldn't take much for this to be a double, triple, or more over the next year.
This company is capable of world class things in large markets and has cash and a profitable operating base to generate even more success over the next 1-2 years.