ABOUT EMPIRE INDUSTRIES Empire Industries Ltd. is a manufacturer of specialized engineered products, which the Company sells in domestic and selected international markets. The Company’s operations are conducted in three business sectors: 1. Media-Based Attractions. 2. Manufactured Products, and 3. Steel Fabrication Services. Empire Industries also has two key equity partnerships: 1. A 49% interest in ACE Industrial Services, which operates in the oil sands industrial maintenance services market; and 2. A 45% interest in a Chinese steel fabrication joint venture, Dongguan Qiguang Dynamic Steel Structures, Ltd., in the Asian steel fabrication market. OUTLOOK Empire’s Media-Based Attractions sector is expected to continue to benefit from strength in the theme park attractions market, as indicated by the Company’s recent contract awards in this area. The Manufactured Products operations are currently being adversely affected by a reduced order backlog and lower throughput and pricing for hydrovac trucks. Measures are being taken to expand sales efforts into the U.S.A. The Steel Fabrication Services operations are expected to experience increased competition in Alberta, as a result of reduced capital spending in western Canada. On balance, we expect Empire to continue to achieve further growth in its operations over the rest of the year. RECOMMENDATION AND TARGET PRICE eResearch recommends the shares of Empire Industries as a Speculative Buy. The shares are currently trading at $0.13. Our first Target Price is $0.22, and our second is $0.27.
https://www.baystreet.ca/articles/research_reports/eresearch/EIL_060115-B.pdf
https://www.baystreet.ca/articles/research_reports/eresearch/EIL_060315-B.pdf
1c
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM