Cannabis Stock Update: Let's Toke Business - Week of April 13th
Enterprise Group Named Lead Sponsor for Let's Toke Business: The Commerce of Cannabis.
by Ted Ohashi MBA, CFA
April 16, 2018 (Investorideas.com Newswire) Experienced investors will note the potential of Industrial equipment rental leader Enterprise Group, not the least of which is that its book value has risen to $1.01 a share and is trading at 44 cents. This growth is just the latest in a successful strategy taken by Enterprise management after weathering the 2014-15 resource downturn. If anything, the company is leaner and stronger now; the result of the recent sale of subsidiary sale of CT Underground for $20.6 million.
"With the components developed, we began process mapping our existing business operations. As a result, we were able to considerably reduce our administrative costs by automating many of the human elements," stated Des O'Kell SVP of Enterprise Group. "Furthermore, with its implementation, the cost benefits that emerged from asset tracking are substantial."
Throughout 2017, Enterprise has experienced a meaningful increase in activity from its existing customers coupled with a substantial surge in new customers, which has resulted in increased market share for its four business units. Management's efforts to streamline and maximize efficiencies have translated into improved margins, positive cash-flow quarter after quarter and a strong return to profitability.
Week Ended April 13th, 2018
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