FCNE 2021 Results
All is well
Company’s revenue and income are above 2019 level. Declared $0.24 per share in dividends. Plan to return 100% of FCF still in place. Stock is up $0.34 per share from initial post, plus $0.19 in dividends. CFO was $2.8M and FCNE paid out $2.5M. Since insiders own 20% of the shares outstanding, we expect the company to continue to pay out almost 100% of FCF as dividends. We are pleased to see that the revenue is actually higher than 2019. Gross margins have remained steady as well.
The business has proved to be more resilient than we thought.
I've owned this one for a while. Did tremendously well on my 1st purchase...which I bought a BUNCH more at that $.85/share....Got some more around $1.75. I've been moving into ARKR lately, and will continue to do so. Latest quarterly report was pretty good.