Small Cap Stocks Down Under 15 January 2021: Eclipx Group, 1300 Smiles, Top Shelf
Eclipx Group: Don’t lease Eclipx stock, buy it
In today's edition of Small Cap Stocks Down Under, headquartered in Sydney, the Eclipx Group operates across Australia and New Zealand providing fleet management through its three core brands. While this company was not hit hard by COVID-19 corporate spending pullbacks, the business did take some damage. Despite this, the company still managed to produce a year-over-year growth in EBITDA, mainly through cost cuts and a massive turnaround of the business. The stock was ended the 2020 effectively flat, but we think the market is underestimating the company’s potential in FY21.
Also in today's edition, a look at dental operator 1300 Smiles (ASX: ONT) and spirit distiller Top Shelf (ASX: TSI).
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Click here to read the previous edition of Small Cap Stocks Down Under published 8 January 2021