I thought AEY was attractive around $2 after the Q3 report last month. But then the stock got smacked down by the heavy Kershner selling, which appears to be over. Seems like an opportunity for the rest of us. Next 2 quarters are seasonally slower for their wireless segment. But it sounds like there's still plenty of room to cut costs and increase profits. Plus last year, revenues barely dropped during the winter quarters. I think AEY might be able to post small profits for the next 2 quarters vs prior year losses. Balance sheet is decent with .36/share in cash (.49/share including restricted cash).
Wildcard is who knows what happens with the broader markets. Really been struggling lately, and that may continue into 2023. But there's not many profitable listed stocks trading in the $1's that have reported revenue growth of 31%, 63%, 47%, and 61% during the last 4 quarters. AEY is one where I'd like to know what the sellers are buying instead.
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