Savvy Trades and Investments

[misterp]

ORBT buys back 3.8% of shares in one week. Continues to repurchase shares. Wins a new order on an already record backlog. There cost base is much lower than a couple of years ago (consolidation of manufacturing facilities and some other cost cutting). If they manage to increase revenue by a bit, the operating leverage will result in a good boost to EPS.

Management is very conservative. They have been looking for acquisitions for quite some time now and passed all because they had to bid too much. They are currently looking at 2 targets for an EBITDA multiple between 3 and 4 if I remember correctly (NobleCon presentation Jan 2017). They have the intention to integrate the operations of potential acquisitions in their own manufacturing facility which operates at 70% utilization.