$ENG is gonna make a turn.
Recently added to the Russell micro cap index, Eng is starting to focus on its share holders -
"We are pleased to have been selected for addition to the Russell Microcap® Index," said ENGlobal chief executive Mark Hess. "We believe this addition validates the stability of our business and our future business prospects, and will be an added opportunity for us to heighten investor awareness as we work to build shareholder value."
Looking forward, President Roger Westerlind said that, after a year-long period during which Covid-19 limited the company's marketing efforts, ENGlobal is once again aggressively pursuing additional green energy projects. "We have a number of upcoming opportunities to deliver similar innovative renewable solutions ranging in revenue value from $20 million to over $120 million.
"While there are no guarantees," added Mr. Westerlind, "we are increasingly confident that our application of cutting edge technology to reduce the carbon footprint of transportation fuels, plus a resurgence of our traditional oil and gas engineering segment, will lead to significant success for ENGlobal going forward."
They were heading back toward $9 and offered a $20million direct offer that crushed the stock for now. With the focus back on share holder pricing and bigger profits coming, this is one I’m hold short and long on. Initially bought at 3.46 and have averaged down.
https://www.reddit.com/r/StockMarket/comments/o47hb1/eng_is_gonna_make_a_turn/
