Total 4 Posts
With $60 million in the bank, a big backlog (versus a $14 million market cap), and a management dedicated to fixing the profitability issues, I think the company has enough run way to get through the Covid-19 crisis, turn itself around and return to its former valuations.
As we said in "How good is the moat surrounding your castle" a good most is much more than water in a trench. A good moat has many enhancements to stop people who learn to swim - like crocodiles. So lets discuss what some of those "Moat Enhancements" are:
A moat is the competitive advantages possessed by a business that protect it from competitors and allows them to earn a high return on equity over a sustained period of time. Like a moat protects a castle, competitive advantages protect successful businesses.