Opinions
James Hodgins
EcoSynthetix Inc
ECO-T
COMMENT
Jun 23, 2017
$2.860
Stock price when the opinion was issued
0
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
COMMENT
Manufactures an environmentally friendly synthetic wood product, i.e., it doesn’t have formaldehyde. There are a lot of companies that are looking to eco-synthetic products to replace older products that have formaldehyde. Trading below its cash. Have about $1.50 per share in cash on their balance sheet. He is still in the process of evaluating this.
0
Advertising
He is one of the largest shareholders in this. They now have 2 commercial mills up and running with their DuraBind products. They make the binding that goes into IKEA-like furniture. Not into IKEA yet, but there is a good chance they will be. IKEA has announced that they want all their bindings for furniture, flooring, etc. to be formaldehyde free by 2020. This company’s products are the best alternative out there. They have about 40% of their market cap in cash, so he sees very limited downside, but a lot of growth potential. There is a good chance they will be profitable by the end of the year.