Jul. 3 at 1:16 PM
$CVGI Management here is now one quarter away from having my vote of confidence.
Just six months ago I was hammering that management is not acting properly, but gave them the benefit of the doubt as both CEO and CFO are young guys, rookies in the grand scheme of things.
But they’ve turned it around well, so far.
Last quarter beat expectations and guidance was far better than expected.
Their new, lean, vision seems to be working, and with both operational and financial restructuring done… the sky could be the limit.
Like I’ve always said… small caps create returns like no other. This can triple, quadruple, and the valuation added would only be
$200-300m… minuscule.
High leverage play, and I just believe I hit this one out of the park.
Should be a norm to everyone following me now, value is always found, timing yet to be perfected.
That’s why you trade like a bandit, got my average 35% lower with no added capital by scalping… learn this and you can’t fail.