DD
I am currently performing DD on this company. While interesting there are some concerns. ......I notice the company went bankrupt in 2010 and subsequently consolidated their share position 1:4. Can anyone elaborate on what led to the bankruptcy? It appears to have been related to a purchase of a facility in Ohio. .....They still have the same board of directors as before the bankruptcy. ..... Their long term debt of $7.64 million as at Jan 28/17 is greater than their basic market cap of $7.27 million. FD market equity value is $16.00 million. Their credit facility has been drawn down $3.16 million. .......In order to modernize its equipment the company may require up to an additional $3 million over the next 24 months. .....5 customers contributed 84% of the sales for the nine months ending Jan 28/17. .......$23.5 million of their $39.1 million nine month sales were in the US. How will Trump's 'Buy America' initiative effect this segment? .......They are based in Quebec. Any helpful comments would be appreciated.