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Gencor : bad management or fraud?

Well, in my last post on Gencor Industries refreshing the “net-net” theory, Nate from Oddball Stock, commented regarding his issue with the company fiability and problems with the SEC.  After digging through some blog and the sec letters I decided to

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Posted in GENC

Gencor Industries – Net Net investment

Gencor industries write up on this blog describe the investment thesis still intact. You may find them here: Gencor is for sale.. for free Gencor Industries The thesis must be updated but is is still valid.  Here are the numbers from

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Posted in GENC

Nova Scotia helps Gencor industries

Yesterday NovaScotia government publicized a new contract for a mobile asphalt plant to Gencor industries. While Gencor contracts usually goes unnoticed, this one is important. This new contract awarded represents new sales of 3.6m dollars for a company with regular

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Gencor is for sale… for free!

Gencor released last financial statements.  I have a bunch of shares of gencor in my portfolio.  It currently occupies over 15 to 20% of my portfolio but I think I’ll affirm my investment at 20 percent. This business is sold

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Posted in GENC, NASDAQ

Gencor Industries

inspired by Barel Karsan blog on Gencor Industries and guru focus Description Gencor manufactures hot-mix asphalt plants used in the production of paving materials. The Company’s H&B product line was first manufactured in 1894. The Company’s subsidiary, Bituma Corporation, formerly

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