Almost 3 years ago I wrote up STRI with the stock was at $0.18 and a market cap of $3.5M. It was a net-net with about $15M in cash. The stock doubled in two years then dropped all the way to $0.07 before recovering to the low teens. Latest closing price is $0.12.
The story now is much the same. We have a small company struggling to stay alive and I'm still waiting for the turnaround. I read every filing with excitement. "Maybe today is the day" I tell myself. They closed operations in China. They are leaving India. The Malaysian facility was sold. They started into a new business in Europe while cutting costs to keep the lights on.
I stick around for the potential amongst the carnage. Three weeks ago they announced the sale of their old Malaysian facility was completed for over twice the market cap. A $5M per quarter contract was announced which would be a 300% increase!
The story now is much the same. We have a small company struggling to stay alive and I'm still waiting for the turnaround. I read every filing with excitement. "Maybe today is the day" I tell myself. They closed operations in China. They are leaving India. The Malaysian facility was sold. They started into a new business in Europe while cutting costs to keep the lights on.
I stick around for the potential amongst the carnage. Three weeks ago they announced the sale of their old Malaysian facility was completed for over twice the market cap. A $5M per quarter contract was announced which would be a 300% increase!