Savvy Trades and Investments

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AWX posts a nice quarter. Earnings of .18/share (due to a gain on PPP loan forgiveness) vs. a loss last year. A week ago, this low floater would be spiking higher. But low float mania has def cooled off.

Maybe she won't do much. I'll continue to accumulate as should be a great set up heading into their seasonally strong Q2 & Q3. Normally those are AWX's big profit quarters. Q2 in particular should be a fantastic looking comp as that quarter was hurt by covid last year. Now the economy is rebounding. Plus there's still $900K in PPP income to be recognized in Q2 or Q3. Will goose what should already be a healthy profit. AWX has some of the most sound fundamentals of any low floater, with tangible book value over $9 including $1/share in cash.

https://finance.yahoo.com/news/avalon-holdings-corporation-announces-first-210100048.html