Value Microcaps Zip Code Changers

[CPTMatt]

COV.V - Domestic sales is where they've had issues in the past. They announced being carried by Medline a year or so ago which is the largest (I believe) private medical product distributor in the US.

It's hard for me to understand where the hangup is. Their product certainly seems to have nice competitive advantages. I don't know if either their pricing makes it prohibitive, if they can't market it effectively, barriers to entry/palms to grease that they haven't gotten past, etc.

Reliance on foreign customers for a micro-cap like this means a persistently lower P/E (IMO) plus the kicker of having high customer concentration risk.

Thanks for posting on it, I haven't taken a look at Covalon for quite awhile, it's good to get a refresher.