CVU $2.33 - I bought some of this today for a longer term investment. Company has had its share of accounting issues in the past. They lost their NYSE American listing last year for failing to timely file their SEC reports and were bounced to the otc market. Upon catching up with their reports, they regained their listing. They did bring on a new CEO last year, so hopefully she will be keeping a sharper eye on the accounting. They did get their last Q out on time.
Their last quarter wasn't very good which probably accounts for where the stock is trading. They have a huge backlog of over $500M. They are paying down debt. Customers include Boeing, Lockheed, Raytheon, and the U.S. Military. Stock is trading close to its 52-week low of $2.25. I think this is a pretty good entry point, and I will be looking to average down if the price falls from here. A decent sized order announcement or a good Q would likely propel this one north of $3.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.
