Atlas Engineered Products Ltd V.AEP

EV = $35.7 million and TTM cash flows of $11.8 million

[laurencelefou]

Ridiculously cheap

Share price			$0.54
Cash			$12,377,257
Debt			$14,880,610
Cash from options and warrants			$933,375
Market cap			$33,197,876
Enterprise value			$35,701,229
Trailing 12 months operating cash flows			$11,806,956
Csah Flow yield			33%

[Daudau11]

Totally agree its cheap... but I guess mkt is scared of housing slowdown caused by raising interest rates which might affect their results.  At least thats what I think is hindering the current price might be totally wrong here.

[laurencelefou]

Page 4 of the MDA OUTLOOK The Company’s objective for 2022 is to continue focusing on improved operations, equipment utilization, and technological advancements to benefit and enhance the Company’s performance. The Company has continued to see and experience a strong construction industry in 2022.

[laurencelefou]

Ridiculously cheap,  I could not resist, I have been buying shares    If trailing twelve months operating cash flows were to be cut by half, Atlas would still be cheap.  Share price                 $0.45 Cash         &

[Daudau11]

Agree, I am adding as well... maybe housing prices are going down which will sooner or later affect housing starts the stock is just too cheap to ignore.  

[laurencelefou]

Bought more shares today. https://vancouverisland.ctvnews.ca/nanaimo-on-track-for-record-breaking-residential-construction-city-says-1.5995184#:~:text=A%20building%20boom%20is%20underway,for%20916%20multi%2Dfamily%20units.

[redcoats]

The mid Island housing shortage has generated a huge number of impending housing starts. The Lantzville development is approved. South Nanaimo in the works. Qualicum Beach and Parksville going strong, as well as strong growth in the Ladysmith and surrounding areas. Combined with the range of innovative building component products now supplied by Atlas, ww should see considerable growth in sales

[laurencelefou]

I am still holding.