RE:RE:RE:RE:RE:RE:RE:Dog days of summer??I agree that there is something seriously wrong with this company as an investment. I foolishly bought a small bit without doing due diligence beyond looking at ratios. You would think that a P/E of 2.5, price to book of about 1, price / sales of around .11 would imply a good investment. Not in this case. I find it bizarre - its almost as if they exist to pay the salaries of the employees. The owners aren't getting anything out of it.
Stocker46 wrote: Eventhough I believe TBL is significantly undervalued, I sold my holdings on Friday.
Quite simply, there's something seriously wrong with a company that makes consistent profits .. as in $137.6 M ($1.27 per share) from July1, 2020 to June 30, 2021 .. and struggles to keep their price/earnings ratio above 2.
Add to that :
No news, no updates, no conference calls, no dividend & far too few tradable shares.
Maybe they'll use their buyback program to limit the damage but at this point, it would take alot to convince me to buy back in.