If a company finally turns the corner to profitability and no one is around to hear, does the stock make a sound? In the case of Forward Industries (FORD), that's an emphatic "no." Trading at just a paltry $13m market cap, and $6m net of cash, it's not hard to see why this stock is underfollowed. The business is boring- manufacturing carrying cases for electronics and medical devices is about as exciting as watching Henry Fonda pick strawberries. Additionally, the company has had a history of not getting it done financially. Operating losses in 2007, 2008, 2009, 2010, 2011, and 2012 did not help in building a shareholder base or analyst coverage.
However, in fiscal 2013 the...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|