TSXV:MRS.H - Post by User
Post by
ace1mccoyon Apr 03, 2021 1:51pm
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Post# 32933986
A New Position Taken
A New Position Taken With this recent information , I may initiate a postion shortly
Model Portfolio Updates
Changes as of market close on April 1, 2021.
5I RESEARCH Model Growth Portfolio
New 1% position in Mission Ready Solutions (MRS)
MRS company sells nylon protective gear and soft armor ballistics to protect military personnel from injuries. This is a small company that has strong recent sales traction and high revenue visibility with its current backlog of orders. Revenues grew from $3.1 mln in 2018 to $21 mln in 2019 to $60.7 mln in 2020. The company was also cash flow positive in the most recent quarter and no analyst coverage could mean potential price discovery. Insiders also own 11% of shares and the company is revamping operations with new management. We like what we see here so far and are starting with a small position.