TSXV:MRS.H - Post by User
Comment by
sicilian2on Sep 20, 2017 5:11pm
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Post# 26722391
RE:Added today
RE:Added todayWelcome! There will be some rich Long shareholders!
Yenom99 wrote: I have traded for quite a few years and very, very rarely am lucky enough to encounter a stock like MRS. Granted, the stock has a small amount of downside risk however at this price it is a very complete no brainer to add to holdings. Current market cap is right around 21 million. The one, stand alone contract is for 50 million for the first year at a minimum. This excludes any other sales or services (cleaning etc) that will obviously be forthcoming. Comparing MRS to other military supply companies shows strong argument for a current share price of north of a dollar (comparing to UTX and a couple others). Granted, the PO's have not been executed yet however when dealing with governments and defense it's as sure a bet as you will find today. With more deals in the pipeline and potential for also growing this existing deal I will add to my position on any weakness as I did today again. I am truly shocked that the share price is as low as it is but rather than complain I will take this opportunity to add to my position. In a few months from now (or possibly even less) we will be remembering these prices and going "Ohhh, I shoulda bought more". Good luck all, enjoy and invest wisely.