Gencor Industries Inc. (GENC) Social Stream
Featured Post From StockTwits About GENC
$GENC Dirt-cheap Gencor (GENC) announces record backlog and bright outlook with further expansion on the horizon:thinkandpick, published May 14, 2021
John Elliott, Gencor’s CEO, stated, “We have experienced a pickup in demand for our equipment since the November 2020 election. Backlog exceeded $42M going into the third quarter, which is well above historic norms. We see renewed optimism that additional Federal infrastructure funding should be approved in the second half of 2021.
Our recently acquired Blaw-Knox brand and associated assets has been successfully moved to a separate manufacturing facility, where production of asphalt pavers has begun. Parts sales for the paver products have been steady. We anticipate continuing to invest in the brand to expand the market for both the equipment and parts sales.”
The Company’s backlog was $42.6 million at March 31, 2021 compared to $24.5 million at March 31, 2020.
Other Notable StockTweets About GENC
$GENC Biden Admin has an infrastructure plan...it includes roads
Republicans are going to unveil their plan. Anyone wanna bet that it includes roads? I am with GENC.
TA wise RSI still point down in bearish, over sold land
MACD still pointing down too. So this stock won't change till ...maybe the Summer when it is clear USA will be spending 100s of billions on construction infrastructure projects.
Meanwhile, no debt, good sized backlog, doing M&A...solid micro cap