Feb. 25 at 12:23 AM
$CVV The 355 S Technology Drive building, which they own with no debt attached is worth at least 20 million, if not as much as 26 million.
The Saugerties property is another 3 million.
They have about 10 million in cash on the balance sheet and almost no meaningful debt.
PPE is undervalued on the balance sheet by at least 13 million dollars.
Obviously the investing public has no faith in the board to turn things around. You would think management would communicate more to ensure investors and that this company is worth more with them running the show and drawing a salary then without them.
This stock seems, if nothing else, a backdoor industrial real estate play, and with about 20 million in backlog and a decent 4th quarter sales number coming up due to a large system sale that occurred within the last 3 months of the year, the company should be about breakeven this year
