May 18, 2017

Smith-Midland Corp.

We feel like a Sitting Duck on the markets.

“It’s waiting that helps you as an investor, and a lot of people just can’t stand to wait.” – Charlie Munger

SMID (OTCOX) (ISIN: US8321561032)

Smith-Midland Corporation invents, develops, manufactures, markets, leases, licenses, sells and installs a range of precast concrete products for use in the construction, highway, utilities and farming industries, through its subsidiaries. The Company's precast and barrier rental customers are primarily general contractors and federal, state, and local transportation authorities located in the Mid-Atlantic, Northeastern, Midwestern and Southeastern regions of the United States.

Market: Nasdaq OTC

Gain over the last quarter: +28.1 % 

Fair value: $ 77
Discount: N/A
Average yearly return: 44%,
Yield: N/A

On May 12, 2017 Smith-Midland Corporation the Company reportedTotal revenue of $9.5 million as compared to $8.1 million for the same period in 2016, an increase of $1.4 million, or 17%.
The pre-tax earnings was $1,343,201 compared to a pre-tax loss of $152,777 for the same period in 2016,
The Company had net income of $857,201 compared to a net loss of $89,777 for the same period in 2016.
The basic and diluted earnings per share was $0.17 for 2017, while the basic and diluted loss per share was $0.02 for 2016.