GREY:ISYRF - Post by User
Post by
natioson Oct 02, 2017 9:50am
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Post# 26765815
Looking Positive
Looking PositiveJust looking back at the Q2 call, Tracy says "well positioned for a strong second half. We ended the first quarter with our highest backlog ever and after another quarter of strong sales, we incrased our backlog to a new record."
Just laying out the framework here:
1. Managment thinks the second half should be strong and F500 contract starting up.
2. Record backlog and many more design wins in the September presentation.
3. Steps taken to reduce expenses in second half of the year.
4. Both managment and directors actively bought stock in recent weeks.
5. Announce NCIB as feel shares are undervalued.
This could really set up well for share price rebound in coming weeks and months.