Biorem Inc V.BRM

More good news on orders

[KnowledgeSeekr8]

This thing can't stay under a dollar for too long

https://ca.finance.yahoo.com/news/growth-initiatives-drive-biorem-order-120000225.html

[bassfinder]

I look forward to seeing the 44.5M of revenues convert into cash flow and net income over the next 12 - 18 months.  You have to assume they have a better handle on their cost compared to Q4 - 2021. The revenue stream from recurring services also is reason for optimism going forward.   Interesting times.

[KnowledgeSeekr8]

Interesting time indeed! Like you said I am optimistic on the recurring revenues going forward, and as long as they keep COGS in check next year could be a very good year with that type of back log. They have always been good at converting revenues to cash as they don't spend a lot on CapEx.

[Possibleidiot01]

I would still argue that  the stock is undervalued despite going up 20% in response to this news because the stock has only doubled since the massive buyback of shares . Instead of focusing on the math for the buyback  on the shares and what it should have meant for the stock price , I think it should be pointed how much ENTREPRENEURIAL the company has become with a new product line