Follow-up to my last DD post in light of the annual report:
Good looking annual report:
>>$2.1M NOI for 2020—very impressive for a covid year.
>>Their convertible liabilities are all legacy liabilities they assumed in the merger. There have been no conversions; they’re paying their debt obligations on time.
>>No dilution since the merger.
>> Market cap around $9M at .0015/16 pps, so it's trading at a multiple under 5x net operating income (not just revenue, I’m referring to actual net income/profits), so imo CTLE is undervalued on fundamentals at this level, a rarity in OTC stocks. Maybe one out of 500 stocks in the pink sheets, at best, is actually undervalued on fundamentals.
>>I’m primarily interested in their Green Management business, which would move this stock squarely into an exciting sector: the webpage has said it’s coming in "35 days" for a good bit longer than 35 days now, so it could come anytime—it would be understandable of this was delayed beyond their initial timeline due to covid, which has slowed down everything: http://www.grupocu4tro.com/green.
Also, while it’s hard to predict how it might affect CTLE, I think it’s safe to say a Biden administration will be more friendly to Mexico-based business. It’s always good to have more possibilities and a friendly, trusting relationship with America’s neighbors to the south. Look around the world for comparables, the USA is very fortunate to be in the middle of a good-neighbor sandwich at its northern and southern borders imo…
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