John Leonard, CFA
Special situations, micro-cap, contrarian, CFA

TMNG Global Is A Textbook Asymmetrical Special Situation

(Editors' Note: This article covers a stock that is trading at less than $1 per share and/or has less than a $100 million market cap. Please be aware of the risks associated with these stocks.)

Key takeaways

    TMNG Global (TMNG) trades near the bottom of its trading range as investors are more concerned with the ongoing business transition and increased uncertainty regarding project spending. However, a flexible cost structure provides the ability to rapidly adjust to changing market conditions while an ongoing transition to a broad, value-added solutions provider positions TMNG to benefit from multiple growth catalysts. Moreover, the lack of debt and high net cash limit the downside while a management open to the idea of an acquisition in ...
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