GENC - Gencor Industries Looks Cheap Again - But How Is Value Realized?
As a stock, Gencor Industries (GENC) has had an interesting run the last few years. GENC spent the first three-plus years of the 2010s as a 'net net', trading at a discount to a cash and investment hoard it had built up before the crisis. In 2011, the SEC even asked the company if it should register as an investment company, as the cash balance seemed more pertinent to the stock than the operating asphalt plant business.
GENC would get a boost in 2013, when President Obama signed a new highway bill.