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Unisync Corp T.UNI

Alternate Symbol(s):  USYNF

Unisync Corp. is a Canada-based vertically integrated company with capabilities in garment design, domestic manufacturing, and offshore outsourcing, including Web-based business-to-business (B2B) and business-to-consumer (B2C) ordering, distribution, and program management systems. The Company operates through two business units: Unisync Group Limited (UGL) with operations throughout Canada and the United States of America, and Peerless Garments LP (Peerless), a domestic manufacturing operation based in Winnipeg, Manitoba. UGL is a customer-focused provider of corporate apparel, serving various brands, such as Air Canada, Alaska Airlines, Purolator, Canadian Coast Guard, Shoppers Drug Mart, Sobeys, Tim Hortons and WestJet. The Peerless specializes in the production and distribution of technical protective garments, military operational clothing and accessories for federal, provincial and municipal government departments and agencies.


TSX:UNI - Post by User

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Post by Rudolph25on Oct 21, 2020 1:55am
298 Views
Post# 31753297

Big upside

Big upsideAt  1.80, company valued at $34 million. The company owns 2 properties outright worth about$10 million plus. There is positive working capital of $6 million net of all debt and growing.. Insiders just exercised 250,000 options at $1.75/share. COVID interestingly has resulted in big Mask, glove and gown orders  coming to the company for police, military, government etc. New CEO is winning business all over. The company has a number of very large contracts they have a good chance of winning. Who would be selling this company doing revenue near$100 million and generating between $5 and $10 million of ebitda during COVID. This could triple to quadruple in the next year or two.Sellers are likely sorry institutional investors who bought the $3.80 financing and need a tax loss, or are looking at a hot momentum play.This is a dynamic growing company in a mundane industry. A no brainer here, big insider ownership, and huge opportunities when things open up, while still doing PPE business for a few years more.
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