IvelinRadkov
Intro
Omega Flex, Inc. (NASDAQ:OFLX) came across our desk as an interesting setup that may be zoning in on a long-term technical buy signal. The company is a leading provider of flexible metal hoses & accessories in North America and
Omega Flex: Long-Term Buying Opportunity May Be Finally Approaching
Summary
- Omega Flex is a leading provider of flexible metal hoses, with strong diversification and intellectual property protecting its market position.
- Despite falling sales, Omega Flex maintains impressive gross margins, with Q2 2023 gross margin at 61.8%, surpassing the trailing twelve-month average.
- New product lines like MediTrac® in the medical tubing space highlight Omega Flex's innovation and potential for faster installation times over traditional methods.
- Shares are approaching a multi-year bottom, with long-term technical indicators suggesting a potential 'Buy' signal, despite significant value loss over the past five years.
Individual investor with a keen interest in deriving income from investment setups. We do this by buying undervalued profitable stocks with strong balance sheets & minimal debt. Furthermore, when the opportunity arises, we like to write calls against our positions to bring in additional income. Risk management is controlled through position sizing & the use of trailing stop losses over time.
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