Greystone Logistics (OTCQB:GLGI) manufactures and sells plastic pallets out of their factory in Bettendorf, Iowa. They are a small company, with a market cap of $12.2M. From 2008 up until the present, they have earned money in all but one year, and revenues and profits have generally been trending up.
Prior to 2008, the company lost money for many years in a row, as they focused on research and development and began to accrue customers.
A decreasing majority of their revenue comes from one customer, MillerCoors, who has been in the process of transitioning their entire US operation to plastic pallets for several years now, using Greystone's pallets exclusively. This reliance on MillerCoors for revenue (63% in 2013)...
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