No. of Recommendations: 2
This a recent position and a toehold position for me.
The interesting points, for me
* Price per share is $5.41 USD as of market close tody
* 9.08M shares outstanding
* Market cap is $49M, EV is $56M
* BV is $12.73/share
* $25 revenue per share
* 81% of shares are held by insiders
* 8K shares short, but short ratio is 2.5 because of the low volume
* They're trading near 52 week lows off a high of $8.50.
They are a closely held family company that makes cure meats, bread and other baked goods, and ready to eat sandwiches. Founded in 1932 and publicly traded since 1968. There has been some light accumulation from insiders lately -
marketbeat.com - Insider tradesI don't think they are particularly exciting, but they are thinly traded, tightly held, and - from what I see - at a point of very high pressure on input costs and on the pocketbooks of their customers. They have some owned property that is a "hidden" asset but I given the family ownership I don't think there are catalysts to unlock that value. I'm just investing in it as an asset heavy trough play, with low to medium conviction.
