Gencor Industries: Deep-Value Industrial With A Clear Path Back to Growth
Gencor (GENC) is a small-cap industrial that looks materially undervalued relative to its earnings power and cash position. Recent revenue softness from delayed federal infrastructure spending masks improving profit margins, a $57.4M backlog and roughly $147.7M in cash and securities on the balance sheet. With a market cap around $213M and no debt,…