ft., four in Indianapolis and two in Georgia a fleet of 162 company-owned tractors and some 303 trailers plus Anthem Anchor Bolts & Fasteners, LLC, a subsidiary that manufactures bolts and fasteners and creates custom plates, cages and embedsĪPSI’s Tradition Transport Aggressively Planning For The Future Its assets include: six warehouses totaling two million sq. 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. The answer has to be that the transaction happened so recently - only late last year - that investors are still not aware of APSI. Tradition Transport By Any Measure Deserves Higher Price Per Share In terms of assets, Tradition Transport is a solid investment that delivers revenue, net income via a fleet of owned trucks/trailers and warehouses. “This has to be one of the most undervalued companies publicly listed today,” Even a one time revenue share price at the estimated 2020 sales of $125 million would translate into $7.26 per share. Īverage enterprise based on LFY is 3.2 times revenues - it means APSI would have a market cap of $400 million with share price of $23.25. That would translate into an APSI market cap of some $200 million, based on 2022 full year sales of $125 million. One valuation analysis vs.10 competing transportation public companies finds that the median enterprise LFY valuation in this sector is 1.6X revenues. The APSI market cap appears to be well undervalued as it currently stands. In fact, it should trade at well above $1 per share-and perhaps closer to $6-7 per share. Yet, it is trading at a market cap of only $5.6 million.īy any measurement of revenue, net income, or assets, it deserves better. A NASDAQ listing is its ultimate goal.ĪPSI has just 17,204,180 shares outstanding. Up List Application To OTCQB Exchange Already FiledĪPSI has already filed an application with the SEC for an uplist to the OTCQB exchange. APSI bought Tradition and all of its subsidiaries for $28,548,458.76. In 2020, the company generated $49,992,274 and net income of $1,738,623ĪPSI moved from a shell OTC company to a bona fide asset-based transport/trucking firm with seven subsidiaries. Full results will be announced next month. Sales are anticipated to be full year 2022 in the range of $125 million with a net profit of $4.5 million. (OTC: APSI) recently acquired the fast-growing Tradition Transportation Group and checked all the boxes:
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