STT.V.... I believe the stock is cheap enough as it is now for it to have VERY good upside, but yes, shall they keep growing then it´s an obvious multibagger.
They decided to chase higher volume lower margin business and thus far it has worked pretty well as more is falling now to the bottom line...this strategy was well outlined in their last CC but unfortunately it is not available to listen anymore now. Couple that with some hints to grow the revenue base and then we might be looking into an absurdly cheap stock on a forward earnings base ( talking VERY low single digit PE)
We had a relatively strong quarter for new order intake at $5 million plus, and certainly our sales funnel is quite full. The Tanks & Industrial group is seeing a great deal of bid activity and we expect that some smaller projects will be awarded in the third quarter, but most awards will occur in the fourth quarter of 2015
The main difference in our sales funnel today, as opposed to the last several years, is that while we are still seeing many potential orders in the $500,000 to $3 million size range, we are now tracking approximately a dozen projects from $3 million to $15 million in scope. In the past we rarely had more than two or three of these large projects in our sales funnel.
