EVRC - The Case For Evercel
A debt-free micro-cap stock, successfully restructured and now generating significant cash flow. At current valuation levels of 3x earnings or cash flow continued cash flow generation should resolve the current valuation discount. On a sum of the parts basis, it trades at a 40% discount to NAV.
Evercell, through its 80%-owned subsidiary Printronix is the market leader in Line Matrix printers. It has a 90%+ global market share. The technology competes with industrial laser printers, impact printers and digital solutions.
In developed countries line matrix printers are mostly used in distribution and manufacturing environments where