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Similar thought on SGMA. Solid Q1 profit.

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hweb2 Member Level  Wednesday, 09/11/19 11:56:16 AM
Re: researcher59 post# 64613
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Similar thought on SGMA. Solid Q1 profit. Much better than I was expecting. Kinda surprised this low floater isn't up more given the red hot market.

Usual cautious language in the earnings PR. But I actually thought the CEO sounded a little more positive than he did last quarter. SGMA not a super low P/E, but I think a decent long play if it drops back to the $3's. They've got that large & growing backlog, the stock trades at a substantial discount to tangible book, and they've got what is typically a stronger quarter for them coming up. Seems like only a matter of time before this low floater gets another pop.

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