GREY:CVHIF - Post by User
Comment by
STOCKMAN70on Oct 14, 2016 11:33am
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Post# 25343738
RE:RE:Large float
RE:RE:Large floatThat's a fair point. Overall I think the company has positives such as no debt, currently market cap is about equal to current assets, I believe in the industry and think California is geographically positive. If they can get the insurance to pay the expected rates it could easily have a 50% move. In the meantime management needs to adjust service levels based on the actual amount being received and reel in expenses and capital spending which it seems they are focused on. Sounds like once the centres reach expected capacity the company will be cash flow positive and profitable - assuming this is achieved today's price is a bargain. Really up to management to prove they can execute here in my opinion. Took an initial position today, glta.