RE:Pipeline and Backlog
GoldenArm wrote: Magic words that lead to more contracts and higher revenues. This will be a $5 or higher (based on new contracts and pipline growth) by the 3rd quarter is my guess. I like my guess and I'm commited till end of 2021 and I will reasses in December 2021.
The backlog is part of why I'm an owner as it reduces the downside risk for owning it this year. Based on guidance the company should be in the black year end. As for the pipeline, this is an industrial company and the stock is only going to move up if they secure more contracts. Last year they only announced 1 contract before the end of June, and one of the contracts signed was for 21 million, half of the current backlog. In theory this is a growing segment and GRN is well positioned to capitalize on that. Management is unlikely to give any guidance on contracts in the works until they're signed on the dotted line as doing so prior would expose them to legal liability if they fall through, and it could also impact contract negotiations. It really all just boils down to whether you think management is capable of continuing to grow the backlog. Only time will tell!