For those interested in EN's comment on BNN today...Gear has done exactly what they needed to do... they've paid off debt and they're increasing the return of capital to shareholders to drive the rerating of the share price.
The stock is presently trading at 1.9x which is in line with other small caps. Additionally, Gear offers a 29% FCF yield which affords the company the opportunity to increase the dividend and dabble in share buybacks.
Finally, he suggests that Gear has a 65% upside which would give the share price a value of ~$2.23.
Note: He did hold GXE in the 9PT Fund... sold for a substantial profit... does not presently own the stock.