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PTEFF - Pioneering Technology: It's A Waiting Game
Pioneering Tech Corp
Pioneering Technology (PTEFF) ended its most recent quarter on a high note. It increased its sales from a year ago, and its turnaround was working. But then, COVID-19 happened. There is now record unemployment, businesses are reluctant to spend, and there is a lot of economic uncertainty now.
These economic factors do not bode well for Pioneering Technology. The company today is in a sound financial footing with little debt. But it faces a lot of challenges in securing new business.
With a small chance of new business, there is no short-term catalyst for a