Posted on December 8, 2020 by Scott Shuda
Sharp-eyed readers may have caught that Tech Precision (TPCS) appears to be winning business away from its core defense/navy/nuclear submarine focus. Note 4 of the company’s quarterly financial statements includes a table of major customer relationships. Unfortunately, the information is disguised, with customer codes used (the letters “A”, “B” etc) used instead of customer names. In the most recent quarter ended September 30, 2020, there are seven material customer relationships disclosed. Members of our network speculate that new business is being won doing work on permanent magnetic motors (PPMs) for wind turbines.
Wind turbine manufacture and installation is booming, and likely will expand even further under the new Biden administration.
Disclosure: I am Long TCPS. I have no current plans to buyer or sell TPCS shares.