It's turned into a steal apparently. Original premise still holds for reduced shipping costs (approx 1/3 of final cost for customers) to Permian with already strong and growing demand. Startup period was successful, operations are steady and they're expanding the resource. Achieved profitability past few quarters. Reasons for stock slide? Rose too fast, too soon so nothing unusual there. Market seems to have lost sight of this one in the bitcoin, FANG haze? Not sexy enough? Who knows but at this price it's looking like a back the truck up territory. Anyone else see negatives I don't?
J
this stock is now trading below book value and it is a company that has almost NO debt and a positive cash flow. yes it lost a major customer but it could be a blessing in disguise because it can now diversive its customer base. with the stock at current price it has a US market cap of 18MM, makes no sense with a company doing 40MM in revenue with a positive cash flow and almost no debt. golden opportunity for one of the larger fracking companies to pick up for a song
.13 & .225
https://finance.yahoo.com/news/select-sands-reports-record-results-234020124.html
https://seekingalpha.com/article/4187449-select-sands-corp-mining-value
https://seekingalpha.com/pr/17225088-select-sands-sells-approximately-165000-tons-frac-industrial-sand-2018-q2-75-percent-increase
http://www.selectsandscorp.com/2018/05/17/select-sands-reports-first-quarter-2018-results/