Every few months we scan for all stocks with extremely low valuation multiples and strong balance sheets, and we research each individual company hand by hand (between 300-1,000 companies) trying to determine which companies have a reason for their low multiples vs. any companies that are undervalued for no reason.
From our research we determined that Daktronics (DAKT) and Zedge (ZDGE) were two sure thing winners vs. Trio-Tech (TRT) being a speculative short-term trade based on the possibility that they would update shareholders on the test results from their first EV customer this quarter.
TRT didn't provide any update on the testing results from their first EV customer in 4Q results, so it sold off. Previously, TRT said it could take up to two quarters for the results to come out.
DAKT and ZDGE look very strong, which are the two U.S. listed companies we are most confident about, because we can actually go see DAKT's videoboards at our local arenas/stadiums and download ZDGE's apps.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.