Limbach Holdings Inc (LMB)

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Gotcha. Think the term you're looking for is price to book. I do like the hefty cash position on the LMB balance sheet. Should provide some downside protection.

Unfortunately I don't know how much upside potential there is short-term. They eked out a small profit in Q4, which was expected based on prior guidance/filings. From the CC, sounds like more of the same in Q1. They said Q1 is seasonally their slowest quarter and this year would be no different. They also talked about how much of their backlog was for the 2nd half of the year. I'm reading this as Q1 will be weak. Q2 should be better, but likely down from great Q2 earnings last year. Then they should have a strong second half. Won't see that Q3 report til November, so a long wait. Another tough comp in Q3 as well.

That's why I don't know if there's a catalyst short-term. Hopefully they'll announce some contract awards in the coming months. That kind of news would cause the stock to pop imo.