TX Rail Products Inc (TXRP)

[greasemonkeyshoes]

Another narrative with all respect......
I believe the company was a mess years back and since then,it has cleaned up its act,now a good calculated wager.It had two sales men,down to one currently,with lower commission expense,a plus.
Fundamental improvement over past years:
1 Central Appalachia coal prices are $41(q3,2016) vs $76.6(currently),in their customers' favorite;
2 $275K write-off of obsolete inventory in 2016,cleaned up the balance sheet;
3 $145K write-off of "Rack Bag" in 2017,stopped the "de-worsefication";
4 Revenue $2128k/$3006k/e$4000K,2016/2017/2018 respectively,double digit revenue growth since 2016;
5 Commission rate trending lower: 8%(15),5%(16/17),4%(18)
6........
7........
or
Good management at work: "Buck" operates a tightly run company and no more "kids stuff".A fact,not fiction.

The million dollar challenge for management:
Down to only two:
1 Continue double digit revenue growth in 2019
2 Normalize cost(in term of revenue) from 80% back down to 75%.Bingo.
or
2019 eps=1c+,all said and done.IT IS DOABLE AND LIKELY;A CHANGE WAY OVERDUE.