Yes their balance sheet has ballooned which is a function of the large backlog of orders.......But I was talking about cash flow. There is large amount of cash tied up in the balance sheet that will be freed. Net working capital stands at $23m which is stronger than last year & is nearly double its market cap. Plenty of liquidity. We don't often see an outfit trading at 50% of its working capital & 25% of its tangible assets. I am comfortable holding this dog.
ZGL Price at posting:
6.2¢ Sentiment: None Disclosure: Held
