EGR undervalued? 52M cash, 0 debt, 72M equity, 200M annual sales, revenue stabilize, GEXA type industry. 400K profit if excluding $1.4M settlement cost.
I found it last night as they (EGR) were acquiring some asset of some company (ACN). it was also mentioned in GEXA and NTST board by xlr8
I haven't bought it yet nor switching my GEXA shares to EGR, but from balance sheet purpose it does look way undervalued.
I want to research it more deeper before jumping in.
Maybe it's cheap because it's not GAAP profitable. (they lost $1M last quarter) but if oyu took out $1.4M lawsuit cost, they should have net income for $400K which is not bad at all for a company having enterprise value only about $10M (or maybe even less)
Let me know what you think about EGR. I wished I had money to buy it. It started to go up today and making the AMEX top gainer list. I think tomorrow trading for EGR will be interesting.
I'm still bullish on GEXA though GEXA balance sheet is nothing compare to EGR balance sheet.
My posting quota limit has reached for today. I will respond to some of your inquiry (if any) tomorrow
Good day gentlemen....
Stan
Go MDF.....!!!!
