I agree with most on this board that this company is a hidden gem. I have been going through their Q1 report and have come out with the following facts.
SP: $4.90
MKT Cap: $71m
BV: $5.38
P/BV: 0.91
Current ratio: 2.14
Quick ratio: 2.07 (assuming inventories of $917k)
Long term debt: $5,715,000
debt to equity: 0.3
ROE: 16.31%
P/E: 6 (TTM)
Sales/share: Q1/13 $2.24 vs. Q1/12 2.36% ( -5%)
Div yield: 5.71%
Question: Does anyone know exactly what happended to their cash? Why did it decrease from $7m to $45k. I know they repaid $4.5m of bank debt but what happened to the other $2.5m?
Anyway, this company is dirt cheap. I hope the stock comes back down to $4 so I can load up. This stock can easily go up or down based on the fact that its not liquid. I will say though, that I am extremely worried about the price of oil. I have been reading a lot of bearish reports out there.
I feel comfortable owning BT here as I am getting almost a 6% dividend and the corporation is buying back shares. Its a win/win for shareholders, if the stock goes down the company will buy shares back and increase my ownership.
Any comments?
GLTA
Rob