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Tom Apple's avatar

Stock has halved since this article and just approved 5:1 reverse split

Thoughts? Still holding?

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Stephen's avatar

Yes, still holding and I have increased my position since. In my opinion, the company is quite cheap on an adjusted earnings basis, I believe the serial acquirer model can work, and I believe that management does have special access to accretive deals that aren't marketed elsewhere.

I posted my calculations on the MicroCapClub forums, but it doesn't let me embed the post here unfortunately.

A potential 5:1 reverse split doesn't change my opinion.

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Leroy Bozongwana's avatar

Agreed Curious Investor, there's promise but a lot of unpredictable variables here. I think this does have a good upside over the LT

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