Friday, June 09, 2017 4:59:50 PM
Enter JNSH. A real company, with real employees, doing real work. They are awarded contracts and perform electrical services work all around the Chicago area and have been doing so for years. They also have tangible assets, including the EV charging network. They have already won the lawsuit against 350Green/CCGI which will ultimately result in a favorable settlement or ruling. They have demonstrated a track record of profitability. They have no toxic or convertible debt. For the stock JNSH – they have a very good share structure (AS: 300M, OS: 288M). Bottom line is that the company fundamentals are about as rock solid as it gets. Add to that a very loyal group of long term shareholders that control the vast majority of float. Sure I have disagreed with some of the things Brian did over the last year and have been vocal about it. But at the end of day, he steered the company through the ongoing legal battle, won the case, and kept the company profitable in the process. So here we are today at a ~$3.5M valuation, on the verge of getting a settlement likely worth more than $1M-$2M, and potential additional investment in the Chicago area EV infrastructure from the VW funds over the next few years, and that doesn’t even count any future updates and expansion in the core electrical systems/installation business. From my viewpoint, this is one of the best risk vs. reward plays I’ve seen in a very long time based on the fundamentals alone.
Now here is where I think it gets interesting. The wildcard in my mind is that this company is trading on the OTC where anything can happen. Traders can get behind a stock due to technical breakouts alone. Low float plays like this one can go on huge runs, especially when no new shares are hitting the market and traders are in control of the action. And with most of the longs holding for significantly higher PPS, we’ve seen how it doesn’t take much volume to move the stock price. We’ve all seen crap companies that consist of little more than a P.O. box and a website go on huge 10-bagger runs just because of hype & herd mentality. Just imagine what could happen with a legit company like JNSH with the right catalysts and momentum.
I understand the reality of the marketplace we are trading in and always try to maintain a healthy dose of skepticism. But I also recognize that JNSH has all the ingredients to see significant gains. I’m glad I haven’t sold any of the position I’ve accumulated, because I think things could start getting interesting around here pretty quick.
PS – Oh and as you mentioned, I’m also curious to see what the company does with the settlement funds and/or what they get in lieu of cash.
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