RE:RE:RE:RE:Something Up?For those new to the board....last year Brian Pedlar stated that he could imagine Covalon being a $1B market cap in 5 years. Lofty goal??... Perhaps. The cap at that time was about $40M. Today we are just over $100M. A 10 bagger from here would be a dream for all of us and I feel that it’s completely possible to double the company three times in the next four years. One quality acquisition (in progress!) and another significant contract announced and we could easily be in double+ territory in 2018.
Brian has done it before and he is in the process of proving that he can replicate that same success here. In fact he has told us shareholders that several times in the last three years. Look up his resume as well as one of the majority owners and chairman Abe Schwartz. Insider ownership here is significant....and these people are key members to board with incentive to perform.
What you'll see with Brian is that he can remain focussed and doesn’t over communicate news. But he does over deliver each and every quarter. I recommend anyone interested in this company to tune into the quarterly conference call at the end of the month to hear him explain how he is taking care business. I can guarantee that you’ll be impressed with his delivery, confidence and execution.