Savvy Trades and Investments

[Swick984]

CNRD - I've been buying shares in CNRD the past few weeks through today. The performance over the past year has been negatively impacted by the weakness in the Oil & Gas industry, as well as some out-sized losses on the first North American built LNG barge as they go through inspections. I think the future LNG barge activity may be an avenue of growth for CNRD as more LNG terminals come online in the US. CNRD should also receive some business in its repair segment, that has traditionally been its highest margin segment, as a result of the recent hurricane activity. They have benefited from this kind of activity in the past. The company is currently being valued at a discounted multiple and has a history of buying back stock and paying dividends. They had also recently invested over $60 million to improve their facilities, and the current enterprise value is only slightly more at the current trading price ($76 million).