My investment thesis on Graham Corporation (GHM) remains intact after the company reported fiscal 2020 third quarter results on January 29th. It still seems the market is focused on past challenges rather than looking forward with Graham. Much of the discussion in the earnings call highlighted potential growth, especially regarding expansion opportunities with the U.S. Navy and its global fabrication supply chain strategy.
As well, this debt-free company is well-positioned financially and poised to grow through acquisition. Yet, the market reacted to a quarter now past with a 9% decline, seemingly ignoring the