It went up today which surprised me and if it continues tomorrow it indicates that the previous rally was unrelated to the earnings report. What else could it be? A positive surprise? I hold a small position of 12,000 shares at $1.46 average.
TRIT is dead money. Until they finish those design/build/operate contracts their stock will suffer (It may even drift towards $ 1). They should have better stayed in the Consulting buisness with some procurement revenues
I agree that it is at least encouraging to see the efforts of a turnaround attempt. Most impressive though is their balance sheet for a company with an $11 million market cap. There is so much equity and potential with TRIT. I admire that they have been an honest company when so many comapanies in China have not been. It keeps me in the game for now.
Profitability is negative, but al least signals are there that they are working on a turn around. More selectivity in the bidding process and cash flow focus will make a difference here.
Current results seem highly burdened by bad decisions in that past (see the large impairment charge).
Could that be a big bath measure of the new CEO?
They just have not figured out yet how to report another major quarterly loss without stock sinking below $1. Their Indian adventure is pobably causing them major losses.
How do you know something big is up? Could it not be that they are just late? As an LONG on the stock , I am concerned that there was no reason given. If it was a big announcement they should of stated that they filed for an extension due to news pending.
but they have not sold for what they wanted, so there was a problem so the stock came back to where it was, it was temporarily inflated and bubbled up