Spectra Systems Corp (SPSY) shares got a boost in early trading today (Monday) on the back of the positive report of a rise in revenue and profit for 2020 as demand for banknote materials and equipment increased. Not bad, given most companies have nothing but negative reports for 2020.
The Rhode Island-based company generated revenue of $14.7 million, up 11% from $13.2 million the prior year. Pretax profit increased by 20% to $5.4 million from $4.5 million. The firm declared an annual dividend of $0.095 per share and said share buybacks will continue.
Shares were up 4.5% at 170p bid at the close today; Spectra remains 5p lower than the Zulu Growth report on 7th February 2021.
Whilst there are several Investing strategies it seems fair to me to say that most seasoned Investors, with maybe at least one eye on retirement and/or a future income stream steer well clear of ‘blue sky’ story stocks with a risk-balanced portfolio. A further risk is mitigated by a spread across sectors whilst homing in on the growth, the security of earnings and cash generation for dividends. So, following the same vein why would such Investors risk their cash in any Company with a subjective secretive board of directors with little investor interaction or communication, covert products and supply chains which are next to impossible to understand, who have failed to hold an AGM for years because it '' it does not have enough shareholder votes to achieve a quorum'', who had to reduce the number of board members due to concerns from one of its customers, and, at least from the outside, appears to be a ''one-man-band'' who seems able to invent things on a whim?