Post by
BCdude on Mar 09, 2021 2:50pm
New deals represent one quarter of market cap
Of interest, the new $18.1 million in new deals announced today represent about one-quarter of UGE's current market cap. More to come.
Comment by
alleyesonme on Mar 09, 2021 4:59pm
It's amazing uge is so undervalued. It's a puzzler. What's it going to take?? Maybee it won't be until these projects start showing up on the financials. From an operational standpoint they're doing everything right. History has shown they don't share every contract win so plenty to look forward to.
Comment by
BCdude on Mar 09, 2021 7:43pm
I agree. I think the market is waiting to see some of these projects built, and the recurring revenue appear on the income statement. Once that happens, I expect a re-rating to happen. It will be fun to see where this winds up a year or two from now, since I expect new business to continue accelerating as the current backlog is brought online.