Brought some CNRD in the low 37's here is what I like.
1) CNRD has a healthy balance Sheet with $11.38 a share in cash.
2) CNRD is off it's highs with seasonally weak q1 reported of $1.08 last quarter. I expect better numbers in q2. Trailing earnings of $4.89. Trades at a PE of 5 ex cash.
3) CNRD Backlog was 156 Million last quarter up from 126 million this time last year.
4) CNRD has given special dividends in the past and I wouldn't be shocked if they do it again at some point this year. It was $2.00 Last year FWIW.
5) CNRD has lawsuit against BP, could be a possible bonus to the company. who know if this pans out but there claim is for 22.6 million or so.
Conclusion: I like CNRD here I think they will report $1.20-1.50 in q2, which in my opinion could push the Trailing earnings over $5. As I always say you never know with earnings, but I like CNRD here. All is just my opinion, and I could always be wrong though.
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