- Hollysys has brought back its founding CEO and announced that it is no longer considering go-private offers.
- Since my last article, the company has changed auditors, changed CEO, and reported FQ4'21 earnings almost eight months after quarter's end, with minimal explanation for any of it.
- Hollysys has a credible opportunity in process automation within China, and perhaps recovery potential in the rail business, but communication with investors has been very poor.
- Hollysys may well be exceptionally cheap here, but I consider it effectively uninvestable given poor/inconsistent communication and no recent information on strategy/strategic priorities.
For further details see:
Hollysys Finds Its Future In Its Past, But Investability Is A Real Question