Totally agree - Company earned $.11 in 3rd Q and is expecting $.11-$.13 in the 4th Q. From the CEO during 4thQ CC and guidance:
“Since the Company’s successful transformation in early 2017 from a low-margin furniture manufacturing business to a high-margin innovative designer and global marketer of modern lifestyle consumer products, we have significantly fine-tuned our product mix and deepened distribution channels, which led to our recently announced record 3rd quarter financial results,” said Tawny Lam, CEO of Nova Lifestyle."
“Nova made over $1 million in net income during the month of October, a substantial increase over the same period last year. Nova expects the same growth momentum to continue for the balance of the 4th quarter of 2017 and well into 2018. As noted in our third quarter earnings release, Nova has a strong balance sheet with ample liquidity to fund operations. Additionally, management does not anticipate a need for external capital for the foreseeable future.”
"We continue to see consistent growth leading into the 4th quarter as well as 2018. If this continues, we hope to initiate stock buybacks or start paying cash dividends in the near future to reward our long-term shareholders, as a way to maximize customer and shareholder value."
This company could easily do $.50 in '18, putting the PE under 4, and growing well. It may take another quarter or two, but if they consistently perform and grow, this stock WILL get noticed and I think the SP will reflect that in 6-9 months.
