On the stock market since 2008, it operates in the world of raw materials. It has 2,000 employees. Now — the numbers.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
No real growth (2% a year). Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
The stock trades 50% below its peak. The market has trimmed its expectations for the company.
It pays out $17.50 per share each year — regular cash for whoever holds the stock.
A loss of $28.9M against $389.0M in annual sales. And on top of that, sales fell from the year before.
At the current pace of spending, the cash lasts less than a year. After that, the company needs to find new money.
On our five-subject report card, BWEL sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.
The takeaway: BWEL is a small company that closed last year at a loss. The road back to profit runs through spending discipline.