(Editors' Note: This article discusses a micro-cap stock. Please be aware of the risks associated with these stocks.)
eOn Communications (EONC) is a telecommunications company based in Corinth, MS. Eon has catered to the US Coast Guard, the FAA, and tens or possibly hundreds of different government and private agencies and institutions.
eOn is trading at around a 50% discount to tangible book value. Here are the following facts for the basis my case for EONC.
- Market capitalization of $2.7M
- $1.65M in cash
- Combined $1.7M cash available under various unused Line of Credit agreements backed by high inventory and receivables
- Management owns 28% of stock
- 82 employees
- No preferred stock
- Share price under a dollar
As you can...
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