Savvy Trades and Investments

[2morrowsGains]

STCN...Looked at the 10Q & balance sheet again this weekend. Keep thinking I'm missing something🤔...But WHAT?❓❓❓
OK, I understand the stock is illiquid and the company puts out very little news and does no presentations or cc's. Also the name Steel Connect does NOT CONNECT very well w/ the name ModusLink. I get it. Not real attractive to your average everyday investor...
HOWEVER, these guys just reported FULLY DILUTED $0.18 EPS for the Q, a sequential increase in revenue, opened two new facilities in Thailand to service the Asia Pacific region, they have $276M in CASH & equiv, $10.59 per DILUTED share in cash, under $13M in debt. and net NOL carryforwards for federal and state tax purposes of approximately $369.9M and $138.8M at July 31, 2023.
AND a LOW FLOAT of only 2.4M shares.
Share price = $9.62
Here's the latest 10Q...
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=318162836&type=HTML&symbol=STCN&cdn=b0d2c745705acb17cce4783902215b06&companyName=Steel+Connect+Inc.&formType=10-Q&formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&dateFiled=2024-03-15#ib62734797611461d9c38be4bc57c7dec_130
(If anyone catches any red flags, please let me know).