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Opinions Peter Imhof
Cematrix CorporationCVX.VBUYMay 12, 2016
Peter ImhofUnknown
$0.45
Stock price when the opinion was issued
$0.51
As of Jul 15, 2024. Market Open.
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Specialized, more durable concrete. Story makes sense, but the numbers aren't there. Company's been around a long time, but sales haven't grown that much. If the product is revolutionary, why aren't more people using it? Companies with sub-$100M market caps have to be really, really good to justify an investment.
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BUY
Watches it. Surprised it hasn't gotten more traction. We need to see the infrastructure bill kick into place. Then the stock should start to move. Partnering with Lafarge. Be patient while the pieces fall into place. Stock price looks to be bottoming, and with money flowing into small caps, this could have a nice move.
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BUY
They make puffy cement, an insulator and an alternative to styrofoam. They're helped by Biden's $2-trillion infrastrcture plan. This is a back-to-work story, too, as they have a backlog of paused construction projects to resume by end of this year. He was involved in its recent refinancing--disclosure. A strong opportunity.
Robert McWhirterOwned
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BUY
Makes puffy cement that has insulating potential that can be used for road beds, bridges, etc. Joe Biden's infrastructure plan is a tailwind. The challenge is that the company has great numbers but they do not frame them properly. Their backlog is approximately $100M. Their sales relative to backlog is $12M. Backlog is 5x. Book of business is twice their backlog. It's also a covid play since once it recedes, the concerns in construction will go away. A great opportunity for them to do well.
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BUY
There is probably still significant upside. They recently closed a contract of 4 million dollars. Their back log is around 82M. The company has very good opportunity, and NA governments are spending money on infrastructure. (Analysts’ price target is $1.20)
Robert McWhirterOwned
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BUY
He owns a lot of this. Earnings are expected to be 4 cents next year. They boast a big $50 million sales backlog, spiking up from last year. The business is quite sound--they remove stones and sand out of cement, so this will benefit from announced infrastructure spending. Upside to come.
Robert McWhirterOwned
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BUY
He participated in their recent debenture offering. They take cement, twist it, for production of insulating cement. Their book of business is about 3 times last year sales. They are bidding on contracts worth 12 times sales. He thinks this will be well positioned for government infrastructure spending in both Canada and the US. Analyst price targets are around $1.20-$1.25 per share.
Robert McWhirterOwned
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BUY
They did an 8% convertible debenture that was three times oversubscribed. The company makes "fluffy" concrete. Air is added to concrete that adds insulation factors. Sales are expected to double this year to $45 million, earning the company about $6 million EBITDA. Their backlog is three times last year sales. The book of business they are bidding on is 12 times higher than last years sales. Their product is used in a lot of large infrastructure projects. He owns this personally and sees it trading towards $0.60.
Robert McWhirterOwned
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TOP PICK
Sales back log is three times bigger than 2019 sales. It will do well regardless of what the economy throws at it.
Robert McWhirterOwned
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BUY
The company uses cement and air to create an insulator used under roadway. Instead of using piles, you can put down a base much quicker. The company expects sales to grow by 50% and there is a sales backlog of $40 million. Overall, the company should almost be recession resistant as their product is used for government backed infrastructure projects. A relatively illiquid stock, but now is the time to buy back in.
Robert McWhirterOwned
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BUY
They did a financing four months ago. They can apply their cement-derived product in marshes. Company outlook is positive with a large backlog. They just bought a company in Washington state, and have a soft partnership with Lafarge to get cheap concrete. Product use continues to grow; clients are cities and states who will continue to order even in a recession. 50% sales growth is pretty much confirmed for 2020, plus new contracts to come.
Robert McWhirterOwned
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BUY
He participated in a financing a couple months ago. The purpose of the financing was to acquire a company out of California. The company has a significant backlog. They now have a location in Chicago and California. They have material that is cement and air bubbles that allows to produce a combination road base.
Robert McWhirterOwned
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BUY
It is cement with air instead of sand and gravel to mix with. He thinks it offers very good prospects.
Robert McWhirterOwned
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WATCH
It has been a top pick. He has a small position right now. Rehab facilities in California. They changed the way they compensate employees. It should drive profitability up. Hopefully it will make a turn as the numbers start to come out. He is cautiously optimistic on this one at the present time.
Bruce Campbell (2)Owned
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Revenues and market cap around $15 million. They will be a beneficiary to the infrastructure build here in Canada. It looks interesting here and he thinks they signed some contracts here.