Financial News

Monkey Rock Group Inc. (OTC: MKRO) Stock on Radar This Month

Investors often seek hidden opportunities, requiring extensive research to discover them. This underexplored/undervalued company is Monkey Rock Group Inc. (OTC: MKRO), a company based in Italy within the European Union. It operates in the overnight shipping sector, competing with industry giants like FedEx Corporation (NYSE: FDX), United Parcel Service (NYSE: UPS), and (DHL Group) Deutsche Post (OTC: DHLGY)

Monkey Rock Group is active in warehouse handling, temporary work management, freight forwarding, and overland transportation. Since September of last year, it has served as an international operating subsidiary of GE Holding SRL. 

GE Holding acquired controlling shares in Monkey Rock on August 8, 2023. Subsequently, GE Holding implemented a new board of directors, a seasoned management team, and engaged a PCOAB accounting firm to equip the company for a competitive edge in the global transportation sector. 

After the transaction, Monkey Rock's workforce expanded to over 1900 employees, overseeing 70 plants. Notably, the company achieved annual consolidated revenues amounting to $285 million. 

Recently, it came to light that the company is in the process of finalizing its annual report, set to be completed before the March 31, 2024, filing deadline. Monkey Rock’s strategic objectives for the 2024 are not only focused on continuous improvements but also on strategic acquisitions aimed at fostering growth.  Furthermore, the new management intends to decrease the number of issued common stock shares from the previous administration.

 

Disclaimers: The Private Securities Litigation Reform Act of 1995 provides investors with a safe harbor with regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, and assumptions about future events or performance are not statements of historical fact and may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. TheStreetReports (TSR) is responsible for the production and distribution of this content."TSR" is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. "TSR" authors, contributors, or its agents, may be compensated for preparing research, video graphics, podcasts and editorial content. "TSR" has not been compensated to produce content related to "Any Companies" appearing herein. As part of that content, readers, subscribers, and everyone viewing this content are expected to read the full disclaimer in our website.

Media Contact
Company Name: The Street Reports
Contact Person: Editor
Email: Send Email
Country: United States
Website: http://www.thestreetreports.com


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback