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

Forward Industries Is A Stealth Diabetes Play

This article covers stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

Key takeaways

  • Forward Industries (NASDAQ:FORD) is attractive as the seemingly high multiple should come down due to strong secular demand and significant margin expansion.
  • The recent swing to profitability on an operating income basis and consistently low capex requirements result in growing free cash flow, which should continue due to an overlooked deferred tax asset.
  • The downside is limited by the debt free balance sheet and large cash balance.

Company overview

FORD sells carry and protective solutions primarily for hand held electronic devices primarily to original equipment manufacturers...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
WITH SEEKING ALPHA PRO, INVESTORS CAN ALSO:
  • Access Top Ideas, chosen by Seeking Alpha’s editors
  • Filter long and short ideas by market cap and sector
  • Get Coverage of over 5,000 stocks, many of which have little or no coverage elsewhere
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO." Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else." Patrick Rice, Mainstay Capital Management
100% Satisfaction Guaranteed
Money back guarantee. Seeking Alpha PRO members receive a no-questions-asked refund for membership on months paid and not used. Details