Recently I was interviewed by Trey Henninger on the DIY Investing Podcast. You can listen to it here. I had a lot of fun on this one and I am getting more comfortable. We talked about my investing process, HEMA, DEWY, and a crazy story with CLSI.
Showing posts with label DEWY. Show all posts
Showing posts with label DEWY. Show all posts
Wednesday, January 1, 2020
Thursday, September 14, 2017
DEWY: Real Estate, Change, and Survival
Dewey Electronics (DEWY) has annual revenue of about $6M and a BV of $2M. On top of that, their 22 acres of land and facilities has been appraised at $4.5M and completely depreciated. Next to their facilities they have another 68 acres of excess land whose sale for $18M fell through in 2005 due to restrictions put in place by New Jersey's Highlands Water Protection and Planning Act. You get all that for a market cap of only $1.9M.
The company has recently changed their tune, stating the stock is undervalued and claiming they are working to correct the situation. An 18% shareholder joined the board a few months ago.
I love a tiny company reinventing itself and DEWY is doing just that as they diversify away from their decades long main product, a 2kW rugged military generator.
The company has recently changed their tune, stating the stock is undervalued and claiming they are working to correct the situation. An 18% shareholder joined the board a few months ago.
I love a tiny company reinventing itself and DEWY is doing just that as they diversify away from their decades long main product, a 2kW rugged military generator.
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