Post by Rudolph25on Oct 21, 2020 1:55am
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Post# 31753297
Big upside
Big upsideAt 1.80, company valued at $34 million. The company owns 2 properties outright worth about$10 million plus. There is positive working capital of $6 million net of all debt and growing.. Insiders just exercised 250,000 options at $1.75/share. COVID interestingly has resulted in big Mask, glove and gown orders coming to the company for police, military, government etc. New CEO is winning business all over. The company has a number of very large contracts they have a good chance of winning. Who would be selling this company doing revenue near$100 million and generating between $5 and $10 million of ebitda during COVID. This could triple to quadruple in the next year or two.Sellers are likely sorry institutional investors who bought the $3.80 financing and need a tax loss, or are looking at a hot momentum play.This is a dynamic growing company in a mundane industry. A no brainer here, big insider ownership, and huge opportunities when things open up, while still doing PPE business for a few years more.