(via NewsDirect)
Sales are anticipated to be full year 2022 in the range of
$125 million with a net profit of$4.5 million . Full results will be announced next month.In 2021, Tradition reported revenue of
$87,695,384 and a net profit of$2,986,945 In 2020, the company generated
$49,992,274 and net income of$1,738,623
APSI moved from a shell OTC company to a bona fide asset-based transport/trucking firm with seven subsidiaries. APSI bought Tradition and all of its subsidiaries for
Up List Application To OTCQB Exchange Already Filed
APSI has already filed an application with the
APSI has just 17,204,180 shares outstanding. Yet, it is trading at a market cap of only
By any measurement of revenue, net income, or assets, it deserves better. In fact, it should trade at well above
One valuation analysis vs.10 competing transportation public companies finds that the median enterprise LFY valuation in this sector is 1.6X revenues. That would translate into an APSI market cap of some
Averageenterprise based on LFY is 3.2 times revenues — it means APSI would have a market cap of
“This has to be one of the most undervalued companies publicly listed today,”
In terms of assets,
Tradition Transport By Any Measure Deserves Higher Price Per Share
The answer has to be that the transaction happened so recently — only late last year — that investors are still not aware of APSI. When it up lists, they will be. Investors should keep APSI on their Watch Lists because of the Company’s asset-based acquisition in the hot transport business — freight, logistics, warehousing, brokerage, leasing and more.
Its assets include: six warehouses totaling two million sq. ft., four in
APSI’s Tradition Transport Aggressively Planning For The Future
Tradition is high-tech, multi-revenue, and diversified, with land, sea, and warehousing divisions plus brokerage and drayage all playing key roles as it grows.
Why
Here’s how it is detailed in an APSI 8K filing :
Technology includes the Samsara ‘to-the-second’ GPS tracking and smart geofencing visibility to improve router performance. SkyBlitz offers commercial telematics, tank monitoring and petroleum logistics. Tradition is converting to TMW for transportation management solutions.
Camelot Software provides warehouse management systems.Tradition has a list of some 500 active customers. It serves a diversified base of industries such as building materials, automotive, manufacturing, containers and food. This broad spectrum gives Tradition a stable client footprint.
Tradition's goal is to acquire another 200 plus tractors and some 400 trailers in 2023 and 2024.
More deployment centers for Tradition are scheduled to open in
Savannah ,Nashville ,Dallas andIndianapolis .New terminals are being planned for
Dallas , the Southeastern US, and thePacific Coast as Tradition seeks to increase its presence on theWest Coast .To diversify its business, Tradition is seeking in the future to grow its manufacturing base. It is introducing U-bolt manufacturing while adding more diversification to its products.
Tradition plans to grow both its brokerage and drayage businesses. These are among the fastest-growing segments of the Company. Brokerage revenue grew greater than 370% in 2021 vs 2020.
Tim Davis calls it a ‘driving platform’ for the Company's future. A second brokerage office is under way.Drayage is also a vital growth area. Tradition is able to move freight, not just through trucks, but from drayage via unloading ships at a port, storing it in a nearby warehouse, then moving the freight by truck and also by rail.
M&A is on the horizon. In addition to its organic growth structure,
Joseph Davis saysTradition Transport is already reviewing future potential buyout candidates. “We’ve identified some acquisition targets. These are specialty businesses related to the ones we are already in.”In warehousing, an important profit area, Tradition operates six warehouses totaling some two million sq. ft.
Joseph Davis stated the Company plans to add two-three more warehouses annually in the future — about one million sq, ft, more every year in the future.Tradition is planning to grow its international business. It already services freight to-and-from
Mexico andCanada . In terms of international, trucks accounted for 66.1% of the surface trade between the US andCanada and 82.7% of surface trade between the US andMexico in 2021, theAmerican Trucking Association (ATA) reports.
Trucking A
The ATA finds that trucks moved more than 72% of all freight in the US by weight in 2021. It added that gross freight revenues from trucks amounted to
A team with a combined experience of about 120 years runs Tradition's management. Managers plan for the future and can foresee the future needs of that industry. For example,
Press reports document his view.
The Wall Street Journal reports that ocean shipping is now off 10% from China vs. Pandemic highs — a number that has declined three months in a row. As the logjam of some 100 sea vessels off the
CONCLUSION
APSI stock is undervalued at industry sector multiples. Investors may want to put APSI on their watch lists as it grows. Right now, it is priced below market. By acquiring
Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur. Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degrees of risk. It is possible that an investors investment may be lost or due to the speculative nature of of the companies profiled.
Contact Details
+1 585-301-7700
markrmckelvie@gmail.com
Company Website
http://razorpitch.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source