TSE:VLN
Velan Inc (VLN.TO)
15.75
+0.24 (1.55%)
as of Jun 5, 2026, 7:59:47 pm Market Open.
13 watching
Financials 
Technical Analysis 0
HOLD
They announced a good last quarter with a record backlog of orders. This is badly undervalued. At some point, there'll be value creation. This business has turned around towards higher-margin product. Some end markets are coming back as nuclear plants need Velan's valves. One day, the company will be privatized, but you need to be patient with this.
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BUY
He likes the valuation as it is the cheapest stock on planet earth. He has been active as a shareholder on the turn around plan and is quite happy about how the plan is going now. The results two weeks ago were phenomenal. They need to buy back shares or put the company back up for sale now.
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BUY
They lead in wireless antennae for cell phones, satellites and sell globally. The pandemic has impacted sales. They had to pause a new plant in Vietnam. The 5G roll-out is back on track. They had to guide down and that pressured the stock. Also have a lot of debt. Overall, though, they will be fine with upside to come. They will recover in coming quarters.
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PAST TOP PICK
(A Top Pick Jan 28/19, Down 37%) A global leader in the manufacturer of valves including nuclear valves. They are in the middle of a turn-around plan which he initiated. They started buying back their shares, which is usually accretive. We are seeing an improvement in the gross margins. We will see the full impact in twelve months. He thinks the company will be sold to a strategic buyer in the next two years.
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PAST TOP PICK
(A Top Pick Dec 03/18, Down 21%) It is down on a failing of them to buy back their stock and support it. He became activist with several other shareholders and they have now made some tough decisions about closing money losing plants and dropping unprofitable business lines. The latest results were a significant improvement in gross margins. They announced they re-instituted the share buyback program. It is a screaming buy.
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BUY
They are probably the cheapest stock on the planet. Trades below liquidation levels. He does not understand why they are not buying back shares. They have been slow but are closing business areas that are losing money. Value is not being reflected in the market and management should do a better job of building shareholder value.
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BUY
Cutting dividend was symbolic. Stock buyback stopped, he's not sure why. There's a turnaround taking place. Bit of a mountain to climb, as it's a global market with big players. They have a valuable asset. Closing unprofitable plants. Hopefully we'll start to see the fruit. Solid balance sheet. World leaders in many segments. Hang on, especially at this price, and he'd be buying more.
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TOP PICK
High end valves. It is the cheapest stock on the entire TSX. It trades at 50% of their book value. The profitability is not at the level it should be. They have a new CEO now, who is focused on cutting costs. They made a huge announcement of closing their largest manufacturing facility in Montreal because it was losing money. The backlog is growing.
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