Acquires overriding royalty interests in natural gas properties. Holds royalty interests in the Pottsville coal formation of the Black Warrior Basin. Now — the numbers.
This is an established company with proven profits.
An average decline of 9% a year over the last 4 years — the most striking risk in this picture.
If every debt were paid off today, $177K would still be left in the vault — a solid cushion for hard times.
angles, checked one by one.
The 2 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
An investor who bought at the very peak is down 99% today. The business is the same; what changed most is the price — and the expectations — the market pins on it.
The net profit margin is 83% — still a thick cushion, though costs have been eating into it lately.
There is $177K in the vault; even if every debt were paid off, $177K would remain.
The stock sits at $0.0001. Under exchange rules, stocks that stay below $1 for too long risk being removed from the market.
This stock swings about 2.7 times as much as the market average. Big rallies — and big drops — can both happen fast.
Over the last 4 years, sales fell about 9% a year on average. Profit is holding up, but a shrinking business is a risk worth watching.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.