CVD Equipment Delayed Rally On Orders And Material Plants

  • The company’s shares have been on a prolonged decline that is suddenly reversing in January and the shares are 70%+ off the recent lows.
  • This seems to be a belated reaction to more favorable Q3 figures with a revival in orders, margin recovery, and materials plants getting ready for production.
  • It will take a while for the company to restore to the highs of 2017 though, so while progress is undeniable, we won’t be buyers at these levels.
  • Longer-term, the shares could still be interesting, but we need more proof of material progress.

Source: CVD Equipment Delayed Rally On Orders And Material Plants – CVD Equipment Corporation (NASDAQ:CVV) | Seeking Alpha