5 Comments

Nice summary. I have been adding to my position lately, but have to concede that more patience will be needed.

And yes, how do you explain those dividends? I'm stumped.

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Couldn’t find it anywhere in the notes.

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Is Market Cap/ EBITDA not a bogus metric? EBITDA accrues to both debt+ equity holders. Doesn't make sense to compare apples to oranges right?

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At first I was wondering why you would even ask, and then I see I have a typo. Yes, it’s a bogus metric and not one I would use or have seen for that matter.

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I’m in wait and see mode as well. Not a bad quarter, but not quite there yet. They didn’t seem to think there would be any substantial revenue changes with UK expansion and new hires. Might hold for a good 6-12 months before making any changes to see if there are any changes. At this point i feel more confident in other microcaps in wait and see mode like Atlas engineered and ADF group because they are at least bringing on robotic manufacturing.

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