Operates as a closed-end mutual fund, meaning it has a fixed number of shares traded on an exchange. Primarily invests in the U.S. fixed income markets. 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.
This company is not turning a profit, so the market is pricing its sales instead: 13.7× for every dollar of annual revenue.
Against companies in its own sector, it looks cheaper than 80% of them.
No analyst target is on record for this company.
We compared this company with its own sector across five subjects.
A score of 50 means class average.
Clearly below the class average.
For a bank, strength is measured by capital buffers and reserves — not cash minus debt.
The price looks reasonable next to what the company earns.
Clearly below the class average.
The price is looking for direction — no strong breakout, no collapse.
Growth: Sales growth trails the sector average.
Business Quality: Profit power and business quality trail similar companies in the sector.
The stock trades 34% below its peak. The market has trimmed its expectations for the company.
Over the last 12 months, company executives reported 4 buys and 1 sell. Management buying with its own money is usually read as a good sign.
It pays out $0.31 per share each year — regular cash for whoever holds the stock.
A loss of $5.5M against $20.1M 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.
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.