Savvy Trades and Investments

[Swick984]

CNRD - Looks like they're getting hammered on a few fixed priced contracts with several options yet to be exercised, so there may be some additional losses to come in 2024 as those options get exercised. I've kept my eye on this one as I think there is value there, though it looks like it may take another year for them to get fully past these pre-inflation contracts. On the positive side, they've got a lot of cash, no debt, some tax refunds coming and a potential $7+ million judgement coming their way in 2024.

The company used to operate with 10%+ EBITDA margins and they've invested at lot in their yards over the past 5-7 years. Could be interesting under $7 and as they get these awful contracts out of the way...