I did not have Biorem reporting their financials this early in November as it’s two weeks earlier than they released them last year, and nearly a full month prior to their Q3 deadline.
That usually signals good numbers, and their headline supports that.
Biorem is a mid year Wolf Pick, selected back at the end of January at $2.42. The stock closed up 17% to $4.45 yesterday and now up 84% from the Seal of Approval pick.
In my August review of their Q2 financials (attached below) I gave BRM a $4.15 share price target which has now been surpassed. I also maintained their four star rating.
Biorem Inc. ($BRM.V) FINS Review
About a year and a half ago, I decided that simply choosing annual picks for the following year sometime in mid December was leaving potential opportunities on the table the rest of the year. That’s when I decided to launch mid year #SealOfApproval picks for those special opportunities that arise.
If you’re an avid reader of mine you’ll understand how rare four star reviews are. Therefore it’s even more seldom to review four star companies in consecutive articles. Tuesday, Reklaim (MYID.V) received an upgrade to 4.25 stars and the stock soared by 45% for a total of a 250% increase from my initial four star review just eleven weeks ago!
Are these Biorem financials upgrade worthy as well? Will I have to up my price target for the third straight review? Time to take some profits off the table?
The Company:
Biorem, Inc. engages in the designing, manufacturing, and distribution of biological filters for removal of odors, volatile organic compounds, hazardous air pollutants, and for the conditioning of biogas renewable energy.
If I have any criticism towards Biorem, it’s that their IR downright sucks, including their website which contains videos and presentations from four to five years ago. Get your shit together guys.
Thankfully, the best due diligence deep dive I’ve read on the company was this piece, from Finnish investor Heikki Keskiväli's. If you want to learn more about Biorem, start here.
I will also attach last weeks video of their presentation from Planet Microcap (note - I believe you will have to enter your name and email to view).
