TSXV:MRS.H - Post by User
Comment by
ace1mccoyon Apr 05, 2021 4:03pm
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Post# 32938655
RE:A New Position Taken
RE:A New Position TakenMore comments and added color for the buying rational of MRS was.....
MRS is smaller and there is more risk, but has recently grown its order book fast with new management. We like the revenue visibility here. 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.
5I Research