Post by
microcaphobby on Jun 08, 2022 9:12am
nice results
bodes well for the rest of the year. Stock is way to cheap. large backlog and now an automated line that will improve margins very signifcantly and there is lots to like here.
Comment by
mjh9413 on Jun 08, 2022 9:16am
On an annualized basis trading at less than 3x EBITDA but this business can have sudden changes to margins depending on contract pricing. Hope mgmt have this covered. I am long. GLA
Comment by
microcaphobby on Jun 08, 2022 12:03pm
These guys have been aorund a long time and through many business cycles. They know their business. They now have the most automated line in North America. Very few of thier competittors have $20 million to spend on the robotics upgrades so this is a pretty big advantage.
Comment by
microcaphobby on Jun 23, 2022 1:01pm
They lock in the steel price at the same time they sign the contract so no surprise on increase of material costs.