Google Finance
Filing
Dec. 03, 2014
2014 Q2 Data
Check list:
1.Major Business.
Oil pipeline and site construction service company in Canada. Most of its revenue is contract based.
2.Balance sheet.
Recent price is $2.16. Shares 30.20m+2.8m preferred($4.2 convertible at $1.5/share). Market Cap around $65m. Tangible book value $2.6(assuming all preferred shares converted). Debt close to $20m.
3.Credit facility.
Not important
4.Financial data by years.
5.Insider holding, options, Insider trading info, share buy back.
Frank Miles: CEO and founder. 9.1m shares 30% + $4.0 in preferred share which could be converted at $1.5/share.
Management controls 33% of total shares.
370k options outstanding at Dec. 31 2013. Price around $.30
6.Management compensation.
2013 top 5 around $2.5m.
7.Employee numbers. Revenue/Employee. Compensation/Employee.
8.Industry comparison.
9.Auditor
EPR Daye Kelly & Associates
10.Major events.
11.Comments.
12.Links
EPR Daye Kelly & Associates
10.Major events.
11.Comments.
12.Links
http://quinzedix.blogspot.ca/2014/08/macro-enterprises_30.html?m=0
Update Jan. 09, 2015
The share price dropped a lot to below $2.00 after crude oil price drop. I found it is probably a mistake to get in since because I am not really understand what their business is. Although it looks really cheap, I don't have the confidence to buy more. I decided to let the writing as is and will clear my position in future.
Update Jan. 09, 2015
The share price dropped a lot to below $2.00 after crude oil price drop. I found it is probably a mistake to get in since because I am not really understand what their business is. Although it looks really cheap, I don't have the confidence to buy more. I decided to let the writing as is and will clear my position in future.
