Good volume and up. As you said interesting. Seems like just the two of us watching. Do not even want to take a guess what is happening. Still in hold mode here. Enjoy spring! We finally have Robins in MI! YEAH! Now just need ENG at about $8.00.
One upgrade to the segment of their sector they specialize in.....and smiles. Last year and a half was brutal and it took the oil/energy nearly collapsing to finally hurt $ENG for a quarter. This also happened with them at the caboose end of a restructuring of the entire business....but they survived.
Even with revenue cut in half, hiring several talented employees, and roughing thru the first three months of 2016 they still lost $700,000.00 and that could be contributed to a increase of payroll but thats what they said they were going to do.....Backlog grew over 30% at the end of the 1st Q into the second and companies inquiring about their service grew double digits...this doesn't count the last several new contracts they have coming online in the second half of this year..... and yea thats the job of the market maker to lower the PPS so investors/insiders can get the best price on their options or insider purchases ...i dont like it either but thats the game and its just the way it is....its going to take a little longer to get the mojo back but they could have a acquisition lined up right now that will make revenue and growth explode and thats all it really takes for ENGlobal to pop and move up again...they had 6 profitable Q's in row and one barely miss.....things move at a snails pace and everyone is still trying to shake off what almost happened and could happen again.....united states government and energy businesses are the future for global swing demand ...not OPEC. Englobal will do well.
Sentiment: Strong Buy
Looks like someone is posturing for a takeover. To add nominations to the board requires extensive notice. Who might be interfering with management? It's about time!
Actually, I think they are fending off an acquisition. For management to put in writing that demand is extremely strong followed by bylaws amendment, this would be easy pickings for an acquirer. 350 engineers for 25 + million is awfully cheap. Even at 5 or 10 still cheap.
Well, it has tripled from.50 to 1.50 in just a few months. Positive eps, and extremely strong contract sales in last report. You decide.
Completely agree. ENG is hiring for some new positions. The only reason they would do that in the midst of all the cost cutting moves they have made is, a nice contract in the works. That's my assumption anyway.
This trades like no other stock I know. Somedays the volume is a few thousand shares and a couple 100 shares sets the price.
Options. Why buy when you can get them free? But obviously management does not know how to build shareholder value when it would build their wealth?
I am still here, but not much to say just waiting for the game is over. Like I said before MM can't hold the stock down too long. I am happy with $5+
ENGlobal Corp (ENG) – Stock To Watch If Oil Prices Stabilize
By Guest Post on April 4, 2016 11:59 pm in Business
ENGlobal Corp (ENG) – Stock To Watch If Oil Prices Stabilize by GEO Investing
We currently have 10 stocks in our infrastructure screen. These companies are benefiting from the billions of dollars being spent on upgrading the aging US infrastructure across various areas. The average return on the only three core positions we established from the screen so far now totals 46%. In previous emails we have talked about starting to build a core position in PPSI as well. We are now adding ENG to this list because of its involvement in the energy infrastructure industry.
ENG is a provider of engineering and automation services primarily to the energy sector throughout the United States and internationally. ENGlobal operates through two business segments: Automation and Engineering. ENGlobal’s Automation segment provides services related to the design, fabrication and implementation of distributed control, instrumentation and process analytical systems. The Engineering segment provides consulting services for the development, management and execution of projects requiring professional engineering, construction management, and related support services (62% of revenue).
Reasons for Tracking (RFT) serves as a great tool for busy investors to maybe start their own due diligence (DD). We also find it useful as a way to bring ideas to our members, as opposed to waiting for us to potentially write a longer article. As a member, you will be kept abreast of how our DD is progressing and if we plan to buy or remove the stock from our RFT watch list.
Please note that I think it may be too early to get excited. I have not and may not buy any ENG. The oil-focused energy infrastructure “theme” is currently the black sheep of the infrastructure investment play because oil companies are spending less capital on projects now that oil prices have fallen well
Share price is in disconnect from earnings. Boring stock with good to great rebound in last 2 years. Gets no respect and not sure why? A stock with earning vs many, many out there with not a penny made that have share price way beyond ENG, go figure.