Picks-and-shovel play for a growing Energy sub-segment at a run-rate P/E of 5

A well known value fund is among the biggest shareholders

Welcome to the second deep-dives since going paid. With a growing audience, this is one of those stocks where I am very happy to be able to profile it to a dedicated and smaller audience behind a paywall because the free float of this company is around $5 million. So this idea is only for small PAs, but if you are not afraid of illiquidity, I think this is a very compelling opportunity:

• Run-Rate P/E of 5 and a clean balance sheet with zero debt and a clean cap-structure.

• They operate in an industry with high barriers to entry, providing mission-critical products to their customers.

• Probably one of the best shareholder bases in a sub-$15 million cap company, including a well-known value fund who has already sent a letter to management.

Despite that the company is completely unknown, there is no write-up on Twitter, the MicrocapCap Club or on ValueInvestorsClub.