RE:RE:BacklogIf you think the stock is still undervalued and has been undervalued, you cannot praise management as if they had done everything right. Promotion of the stock is still ineffective as evidenced that the stock moved on contract and financial result news releases. Nothing from presentations or unknown activities behind the scenes Had the stock been higher, these moves now could have seen us in the 20s or maybe even 30s. We hit 8 or 8.5 cents a couple of weeks ago, surely not a job well done since SP is the biggest thing that matters.
Excellent results compared to last couple of years but we will never know if someone else could have done better. Remember, back in the early 2010's TEI had revenues of $13 million, before the BEI acquisition. So, about 50% total growth over 10 years, including several million coming in from an acquisition. Had they grown at 10% over ten years, the revenues, without BEI, would have been over $30 million.
Will the next quarter be $8 million? I think you can make some guesstimates and conclude that you are most likely overly optimistic. Next Q results will be out in a month. I expect them to be good, not fantastic, but more important will be sales contract announcements that will precede them. Should be a few, and if $4 million starts becoming something more regular, that will be cause for excitement IMO...overdue, but late better than never.
Today is just one day. A good day, and not every day will be like today, but hopefully the trend will be sustained and we will have many more such days compared to the past, and TMG will finally start looking like something in our portfolios after such a long time.