Quote:
Originally Posted by pocket_zeros
The last quarterly filing I see from CLWY is March 2021. Are they still actively filing?
Pocket Zeros:
I am not sure where or what you are looking at.
Please point your interweb browser to:
www.otcmarkets.com/stock/CLWY/overview
Their latest filing is for the quarter ending 3/31/22. I believe that is an up to date and latest filing. That quarter they had earnings come down to a level of $.24/share for the quarter. Earnings for the prior 4 quarters were $2.14.
Those earnings of $2.14 were pretty darn good and are PROBABLY not sustainable at that level for the near term. Medium & long term, probably yes, CLWY has opened a couple of new stores and they took over an existing operation in Galveston TX. I think they have a very large addressable market in Texas. I think there is a very good chance that they can grow SSS in the low single digits. They can also have new stores of 1-2-3 a year. If so, new store openings will grow revenue by mid single digit revenue. Put it together, and I think that they can fairly reasonably grow the company revenue at 8-9-10-11 percent a year for the next few years.
Another thing is that they have some absolutely INCREDIBLY valuable real estate that they own. That was what got me into the company in the first place way back when. That Houston location (VOSS RD.) ALONE was probably worth close to the THEN market cap of the company. Of course, they also owned some other properties that were worth substantially more than what they were being carried for on the books.
I have not checked their real estate holdings for many years now, but I am going to guess that they are worth MORE than the last time I checked up on them.
When you can buy a company for just a bit more than what their one premier location is worth....you've got a deal!