Market Cap: 26.775M
Recent data by the online housing platform called Houzz has reported a 58% uptick in project leads for home professionals as of June, as people have been sprucing up their homes. Personally, I can hardly sand a sheet of metal without getting irate over my OCD with small surface scratches that appear every time I lift up the sand block. Seriously, I just sanded a spot and now there's a scratch mark next to it?! Anyway:
ToughBuilt Industries, Inc. engages in marketing and distributing home improvement and construction product lines under the ToughBuilt brand. It offers clip-tech tool belts, pouches, bags, totes, business organization, knee pads, miter saw stands and sawhorses.
On August 18th, they launched a press release stating that they have reached an agreement with Lowes to sell their products in Canada. On August 25th, they released news that they will be launching 64 products on the Canadian website called "Rona.com" (ironic, I know).
TBLT looks like it has been being accumulated for a few months now, with earnings causing a rise in the share price. Very much like my ex, buyers give attention once it's revealed there's money in the bank. This is the type of play that possesses little risk, as it's been beaten down to the near lows, again, very much like me when I dated my ex.
I am looking for a press release to be announced in regards to their product launching and Lowes in the United States. News like that has the potential to send it to at least $1. The 52 week high is a $4.8, with the low $.62 so again I like the risk/reward ratio here.
No, I don't care too much about the financials on a penny stock, but if you must know they have 19.2m cash on hand to last them at least a year, with 2.05m of debt. I think there is a low probability they do an offering, they are close to their 52- week low.
**Not a financial advisor. Articles are opinions only.
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