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I need to take a little closer look but I think this is worth $0.75 to $1+ as it is now. The company had $8.9m cash and $10m+ net working capital as of Dec 31 2020. Currently just a $20.5m market cap, if you subtract the net working capital, you're buying the business for $10m. It did $24m in sales, $2m+ in net income in 2020. Operating cash flow was $3.3m. Put it this way, the company would pay for itself in three years based on its current operating cash flow. With $31m in order backlog this appears sustainable for at least the next 12 months. In an interview a few months ago with the CEO, Derek stated they had some new products in services they were almost ready to roll out. Between that plus the increasing awareness and need to reduce emissions, the company appears very well positioned to thrive in the current environment. Main issue weighing on the stock appears to be a lack of liquidity. With about 20% of the shares held by management/insiders and 60% held by a strategic investor, fewer than 20% trades. Derek also mentioned they were working on something to address this. I wonder then if they may be looking at acquisitions or being acquired. Curious to see what they're working on. Cheers
KnowledgeSeekr8 wrote: I've added more this week, picked up nearly 20,000 more shares. Earnings out this week coming and even if they aren't strong, as we know the earnings are up and down each quarter due to large project timing, I see this still headed up in 2021. I honestly think with the new initiatives, cash on hand for investments and growth potential over the next 1-2 years, we will see this above $1 in that time frame. I'm willing to wait like I have been for the past few years for a real breakout. if this drops back into the 40's I will add another 30-40 thousand shares. I wouldn't mind getting my holdings to 150.000 shares before that move to $1+ Do others have the long term confidence in this company?
I've added more this week, picked up nearly 20,000 more shares. Earnings out this week coming and even if they aren't strong, as we know the earnings are up and down each quarter due to large project timing, I see this still headed up in 2021. I honestly think with the new initiatives, cash on hand for investments and growth potential over the next 1-2 years, we will see this above $1 in that time frame. I'm willing to wait like I have been for the past few years for a real breakout. if this drops back into the 40's I will add another 30-40 thousand shares. I wouldn't mind getting my holdings to 150.000 shares before that move to $1+
Do others have the long term confidence in this company?
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