Post by
HermannHaller on May 15, 2023 9:09am
Mgmt is overly cautious
Last year they warned about supply chain problems, then the company reported record results in the second half. On the Q4 conference call, they warned of a slowdown in orders as customers worked off inventory, and then they report record Q1 results.
A cynic might say they are trying to hold the stock price down to facilitate a takeover. But I presume they are just cautious by nature.
EPS was 37c in Q1. Even if there is a big slowdown in Q2, they will easily earn over $1 EPS this year. The stock at $5.66 is a steal IMO.
Comment by
bucheroncapital on May 15, 2023 9:48am
Agreed imagine $1 plus to reduce debt , invest , buy back shares et acquire it's getting better and better here. Add a great dividend above 9% at price paid, let us DRIP and wait.