Investors: Hold Off on Eco Building Products

Following up on a story we posted Nov. 14, 2013 regarding the use of Eco Red Shield Lumber’s treated wood products for modular homes as part of the Hurricane Sandy rebuild, Google Finance reports on Nov. 15, 2013 Eco Building Products (ECOB) dropped 1.47 percent to $0.0067. Additionally, smallcapnetwork says ECOB is down 84 percent since Jan. 1, 2013 and has dropped 98.7 percent over the last five years. The company’s market cap is $3.08 million, as MHProNews has learned, and a purchase order has been issued for seven truckloads of lumber set to be treated. ECOB’s financials reveal revenues for the past four quarters of $1,080k, $1,717k, $1,313k, and $1,060k and $4,862k and net losses, respectively, of $13,549k, $2,213k, $3,972k, and $4,862k. With $39k in cash to cover $17,817k in liabilities, investors should perhaps wait until the gap between the top and bottom lines narrows.

(Photo credit: Wikipedia)

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