The report includes graphic depictions of some of these rides as well as links to corporate brochures so that you can grasp the size, scale, and excitement of the Company’s primary business. Empire Industries also operates two other businesses: the manufacture and sale of hydrovac trucks for use in the excavation services industry; and steel fabrication, including conventional structural steel, pipe, pressure vessels, and tanks, including the tanks for the hydrovac trucks.
Although the Company operates primarily in western Canada, it has forged important ties with entities in China where there is a big push on to expand its businesses. This is a key growth driver for the Company in the years ahead. A concerted management effort has been made over the last 2-3 years to clean up the balance sheet, and focus the Company on its strategic initiatives. This is now starting to pay dividends, with improving profitability and a rising share price.
The shares are rated as a Speculative Buy. Target Prices are $0.22 and $0.27. The current price is $0.15.
Read the full report here: Empire Industries
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