FormerXBC Inc XEBEQ

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Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

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FormerXBC Inc > Very few people study balance sheets

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Comment by Ciaoon Oct 16, 2021 3:59pm

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RE:RE:RE:RE:RE:Very few people study balance sheets

XBC bought HyGear for approx. $160M or just under 9X 2019 sales and that was a steal for a hydrogen company. Goodwill on XBC's books currently has HyGear at $142M.

They bought a hydrogen company at a great price with proprietary tech which now accounts for the majority of goodwill on their books. If XBC was back at $10 ($1.55B market cap), we wouldn't be talking about goodwill.