Added to YB: 2024-09-11
Pitch date: 2024-09-08
SGMA [bullish]
SigmaTron International, Inc.
+25.42%
current return
Author Info
Buggy Whip Bargains has their heads stuck in 10Ks and 10Qs of 'old world' businesses trading below tangible book value. Opinions expressed here are not recommendations or advice. Do your own research. Sign up for the newsletter.
Company Info
SigmaTron International, Inc. operates as an independent provider of electronic manufacturing services in the United States, Mexico, China, Vietnam, and Taiwan.
Market Cap
$18.4M
Pitch Price
$2.40
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.99
P/E
-1.51
EV/Sales
0.27
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
SigmaTron International – Released Annual Report, Short-Term Agreement with Lenders, and Property Sale
SGMA: Rev -10% to $374m, Q4 -25%. Covenant breaches waived, working on cost cuts & debt reduction. Sold Elgin property for $1.8m. JPMorgan $70m credit line, $37.5m TCW loan at ~13%. Must refinance by Sept 2025. Exploring strategic alternatives. Expects demand recovery by end 2024.
Read full article (3 min)