EMES - Buy Covia When There's Blood In The Streets
Covia (CVIA) reported revenues of $508.4 million and net income of $17.1 million, which were negatively impacted by plant start-up costs and other merger related expenses. Cash flow statements and traditional financial metrics are difficult to use to identify any trends, since the company is new. But, CVIA's revenues and net income, when combined with their balance sheet (below), show a clearer picture of the company's financial status. Source: E*TRADE
As investors can see, Covia has more than twice as many assets as liabilities, which indicates a strong bill of health for the