This company just came across my computer screen and I must say I am very impressed...
My observations:
Free Cash Flow of $61 million (considerably higher than the market cap)
Company heavily reinvests this cash flow into acquiring businesses for example new endeavor in Mexico
Recent share buyback prior to this suggests that company is repurchasing to raise capital for reinvestment / believes shares are at a discount price (when it was just over $2 per share i believe)
Diversified (location-wise) in regards to obtaining revenue
Steady increase in profit in the past few years
I wouldn't be surprised to see the share price triple in the coming year as I see very large growth prospects with a large intrinsic value.
More than happy to purchase at $2.05 today
Just my opinion
Thoughts?
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