$RNGR is buying STEP Energy’s US coiled tubing business for about $27.5M. I like the deal, but the headline leaves out some important trade-offs.
The price is roughly 2.5x 2027 EBITDA. Ten months after buying AWS at 2.1x, Ranger is again acquiring earnings at about half its own
Introducing $TII, one of my highest-conviction current holdings.
Since January, Titan Mining $TII has been producing graphite in upstate New York, the first US mine to do so since 1956.
Titan has two assets on one property.
Empire State Mines produced 64.3 million payable
Closing the thread. Sold $VEEV today, up 58% from the Jun 4 post and 83% off the dip I added to. $SPWR now trades near $0.30, down 72% and still grinding toward its $0.20 low.
Added on research. Sold the loser on research. Booked the winner on research.
The work compounds.
Opened a small position in $CLIR, a roughly $30M company that makes burners for refineries and chemical plants.
There are sizeable potential savings from deploying $CLIR burners. On one project, management said the usual cleanup equipment would have cost about $50M. ClearSign
Following up on $KLNG after today’s Sidoti microcap virtual conference. A few new details stood out.
The biggest was a new number disclosed by the management. Wiik said rental equipment typically pays for itself within one to two years. Asked whether $KLNG tries to recover the
$TOYO fell 24% after its half-year results.
The first half looked strong against last year: revenue rose 88% to $261M, gross margin reached 32.5%, and adjusted net income was $46M. But Q2 weakened from Q1, with revenue down 17%, net income down 39%, and cell shipments down 20%,
$IDN gave shareholders a useful update this morning. One of its recently signed channel partners landed a deployment with “one of the world’s largest investment management companies.”
Good news first. This is the first time I can find $IDN naming wealth management as a market,
I covered my small $FSI short today for a small gain.
My short rested on one question: if the August food contract was already at full production with a $6.5M minimum, why could we not see it in the company’s results?
The 10-Q finally answered that. $FSI broke out food for the
