
TSE:MCB
This summary was created by AI, based on 3 opinions in the last 12 months.
McCoy Corp. (MCB-T) is a small player in the energy sector, providing equipment and services aimed at enhancing safety and efficiency in oil drilling. Recent financial results show EPS of 24 cents, surpassing expectations, and positive revenue growth of $25.6 million, ahead of forecasts. However, the company has suspended its dividend due to the ongoing conflict in the Middle East, which poses risks as a significant portion of its backlog is tied to that region. Despite a strong balance sheet and efforts to preserve capital through cost-saving measures, trailing cash flows have turned negative. Experts generally view the company as an interesting investment opportunity due to its low earnings multiple, but advise caution due to volatility and size risks.
Hasn’t looked at this for a year or two. A decent business, but you have to remember this is an oil field services business. This sector has been absolutely battered in the last year. This is a very small company. Hitting a 52-week high is an aberration. If you own, he would consider taking some profits at this point.
Really quite a good company. Manufactures farm equipment and other industrial products. Likes how they think. Came out with some new products about a year ago and it hurt their short-term performance. They were of the view that the products were good and the revenues would kick in later. So the stock took a bit of it for a couple of quarters. Great products, sales are picking up, margins are improving and it’s up to a new high. Could be a takeout candidate. Not expensive.