IMO, there is much to look forward to at the present, the coy has turned around its operating business to post a 1.3m cash flow profit for the King Fish business and importantly the coy is debt free. Quite a good position to be in given the current environment and rising interest rates. If they maintain the right balance with stocks etc, it can only get better.
While a successful spawning program will send this coy blue sky high (IMO) and we will all be winners, in the absence of that, the coy is doing better than before generally. The indications now are that the house is in order.
The past is the past, I am just happy to have bought in at 10 cents which seems now to be the low point and one needs to wonder whether the coy will ever see that price again. Can anyone think of a stock out there that is between 10 to 13 cents, is debt free, and posting an operating cashflow profit?
CSS Price at posting:
11.9¢ Sentiment: Buy Disclosure: Held
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