Z C L Composites Inc ZCLCF

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[argos31]

4 years ago I bought this stock and made it the smallest position in my portfolio.  Being the smallest, I didn't monitor this stock at all until I saw it was down 15% on Friday.  I checked the earnings report, saw the conference call and noticed the long term performance of this company over the past number of years.  It is now one of my larger positions, CEO admitted they have to get better at forecasting.  They aim to achieve a 10% revenue growth rate long term and even if it's 5% I view this company as seriously undervalued.  0 debt, large history of beating expectations until last 2 quarters and they think 2018 will be a very big year.

I think the main decrease is because the CEO in the previous earnings call said that they will not be impacted by a series of circumstances that appeared to impede them.  This caused a lot of institutional investors to lose faith in them after the most recent quarter

CEOs aren't perfect, but I think the management team should be judged over the last number of years and not just the last 2 quarters.  For a non growth company with a history of growing earnings & dividends, being always cash flow positive and 0 debt I think a decline of 20%+ for making $.17 instead of $.28 is absolutely ridiculous and provided an incredible buying opportunity that I could not miss out on. 
10x'd my position @ 11.01 this morning, my only regret was on Friday I saw it trading @ $12, started to look into it and was going to buy, then it was @ $11 in a flash.  I glanced slightly deeper into the earnings and noticed it was @ $10.70 and wanted to instabuy, but thought I might be missing something as the drop was so incredibly severe and read the previous annual report and listened to the conference call (only 1 analyst covering the stock) and by the time I was convinced it was a great buy the stock was back above $11.10.