When stocks are going down and many investors are just focused on the stock price movements, I always like to step back and revisit balance sheets and cash flows.
I have another company that you might wish to consider adding...Butler National (BUKS). They own the Boot Hill casino in KS. They have spent a tremendous amount of money & effort on this. They bought out their minority partner, they have managed to get a mortgage on the casino land, and have signed an agreement for sports betting. The casino is putting up good numbers, and is very likely to put up even better numbers once sports betting gets up & rolling this Fall.
When you look at the money put into the casino division, it is quite a bit MORE than the current market cap of the company.
The also have an avionics division that is doing well.
They also have nice slug of cash for a company their size AND considering that most of their debt is the mortgage on the casino.
I do own the stock and I am bidding in the $0.75 per share range for more stock. The PE is a little bit misleading because there is some PPE loan forgiveness in there, but the stock is very cheap even account for that. Investors clearly do not know what to make of the company. I do expect just a modest uptick in revenue from sports betting. 50% of float is tightly held. I was thinking of posting some work I did on it. Thanks for the idea. Always interested in hearing of other micro cap stocks.
Hello:
I have another company that you might wish to consider adding...Butler National (BUKS). They own the Boot Hill casino in KS. They have spent a tremendous amount of money & effort on this. They bought out their minority partner, they have managed to get a mortgage on the casino land, and have signed an agreement for sports betting. The casino is putting up good numbers, and is very likely to put up even better numbers once sports betting gets up & rolling this Fall.
When you look at the money put into the casino division, it is quite a bit MORE than the current market cap of the company.
The also have an avionics division that is doing well.
They also have nice slug of cash for a company their size AND considering that most of their debt is the mortgage on the casino.
I do own the stock and I am bidding in the $0.75 per share range for more stock. The PE is a little bit misleading because there is some PPE loan forgiveness in there, but the stock is very cheap even account for that. Investors clearly do not know what to make of the company. I do expect just a modest uptick in revenue from sports betting. 50% of float is tightly held. I was thinking of posting some work I did on it. Thanks for the idea. Always interested in hearing of other micro cap stocks.