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AEY - ADDvantage Technologies: A Persistent Net-Net That Finally Shows Signs Of A Turnaround
ADDvantage Technologies Group Inc.
ADDvantage Technologies Group (AEY) is a tiny telecom company with a $14 million market cap, operating in the shadows of the US telecom giants. I was planning on writing an article about AEY this summer, but last August Small Cap Investor wrote a great article laying out the value thesis. Surprisingly, just after this article, a lot of positive and unexpected news regarding AEY has surfaced which makes it relevant to update the bull case. In this article I’ll revisit the value case for ADDvantage and I’ll discuss the recent positive developments that