Chris Forte’s Thoughts to Start the Day – PESI, RADA, QIPT, BWLKF

Posted on April 19, 2022 by Scott Shuda

April 19: A few thoughts to start the day. . . Aaron Warwick has worked double time to give us a fix on Perma-Fix (PESI). Yesterday on Seeking Alpha he published “For Perma-Fix, The ‘Return To Normal’ Is Beyond Bullish.” Additionally Aaron and Scott Shuda updated the PESI story with a podcast. “The more I dig into this company and we see things play out the more bullish I am getting,” said Aaron. “Perma-Fix deals with industrial and nuclear waste, big projects such as government oriented projects involving The Department of Energy.” Many of these entities were shut down during the pandemic but are coming back online and the bidding process is back in a big way. Starting at FY21 revenue of $72M “…assumptions lead me to estimate PESI’s 2024 numbers as $285M of revenue, EPS of over $3.00/share, and EBITDA of $46M. These numbers lead me to valuing PESI at around $40/share, well over 600% higher than today’s prices.”

Tactical radar maker RADA finished up 6% after announcing the receipt of over $29M in new business in Q1 2022, which represents over 22% Y/Y growth. RADA CEO, “In view of this positive momentum, along with renewed emphasis on the global need for our enabling radars for air defense and active protection solutions, which the current war in Ukraine is continuously demonstrating, we reiterate our revenue goal of over $140M for 2022.”

On the Feed Florian Buschek supplies us with insightful “Notes from BWLKF call with CEO Andy Duncan.” The tiny software company, which closed at .48, is at an inflection point and has a bright future. I’m a buyer. . . I’m also a fan of the energy ETF XLE which hit another 52w high yesterday. . . Quipt Home Medical (QIPT) has acquired Good Night Medical with operations across seven U.S. states (including Arkansas, Georgia, Massachusetts, North Carolina, Ohio, Texas and California) for $7M. . .“A week ago, Musk became Twitter’s largest shareholder. OK, did no one tell him you can read all the tweets for free?” — STEPHEN COLBERT. . . Good luck to all.

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