Profire Energy (PFIE)

Rounding out what is my 3rd bet on the beaten down energy sector is Profire Energy. This will be a quick post to encourage further conversation.

The company makes burner management systems used in the oil and gas industry. They recently launched a new product (PF3100) that encompasses more solutions for operators. The products not only have a value proposition from a cost to operator standpoint but from a safety standpoint as well. They are a dominant player in the space.

The company is cash flow positive even during this time of much lower business activity. This is speaks to their cost structure and discipline.

The CEO owns over 25% of the company though he sold some shares to the company recently.

They are cashed up, have zero debt and 0.40/share in net cash.

Profire Investor Presentation May 2017

The author is long PFIE at time of writing.

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