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Bullboard - Stock Discussion Forum Biorem Inc V.BRM

Alternate Symbol(s):  BIRMF

Biorem Inc. is a Canada-based clean technology company. The Company designs, manufactures and distributes a line of air emissions control systems used to eliminate odors, volatile organic compounds (VOCs) and hazardous air pollutants (HAPs). It operates through one reportable segment, which involves the manufacture and sale of pollution control systems. Its solutions include BASYS and... see more

TSXV:BRM - Post Discussion

Biorem Inc > Added more this week
View:
Post by KnowledgeSeekr8 on May 15, 2021 2:35pm

Added more this week

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?

Comment by WealthBuilder99 on May 15, 2021 6:23pm
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 ...more  
Comment by Possibleidiot01 on May 15, 2021 8:15pm
YES
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