TSXV:TKX.H - Post by User
Comment by
LiquidRealityon Apr 01, 2020 3:38am
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Post# 30867183
RE:RE:Huge Deal Out of Left Field
RE:RE:Huge Deal Out of Left FieldTKX only gave up its yard management business, which was a small portion of its operations, and not profitable. They should now have a clean balance sheet, have fantastic things coming with their FourKites collaberation, and can focus on their core GAME asset management platform. They essentially just got as much cash as their market cap for selling a small part of their business, have their overhead covered for the next 9 months, and will have revenue coming in from Fourkites and other sales opportunites they didnt have before. Kudos to managment for getting this done given the current atmosphere. I have no doubt their financials will not look good, but since this deal is done, in my opinion the company has never looked better, and is trading at a ridiculous price. A couple more high volume days and some positive news from the company should gap the price back up.