Q: It has been awhile since anyone has asked about this one and would appreciate your current thoughts. They appear to be securing some business and I am looking forward to seeing their next financials.
5i Research Answer:
BOIL has been flat for several months now, and we would place it as being an early-stage, thematic growth stock, but it is technically a consumer staples name and this is partially a reason why it has held up relatively well in the past few months, despite broader weakness in unprofitable, high-growth names. Its sales base is quite small ($3.6M), and it is cash flow negative, but there is potential if its products start to become the standard for fast food chains or industrial kitchens. We think it is interesting, and if it can continue to execute on growth and potentially profits, we think given how well it has held up recently, it could see positive momentum in the event of a better market backdrop.