CPI AERO
CPI Aero manufactured structural assemblies and airborne ISR pod systems for aerospace and national security markets, and provides engineering, program and supply chain management and MRO services.
“We began our relationship with The Equity Group in February of 2003 when we did a follow-on offering and realized we needed an investor relations company to help take us to the next level. I can honestly say that in the 10 years we’ve worked with The Equity Group, everything has been fantastic. We firmly believe that the service we’ve received from The Equity Group has been has been top-notch based on the funds we’ve been presented in front of, the conferences we’ve been allowed to do… The Equity Group has provided us with a wide range of advice over the years, everything from helping us write our scripts when we’re doing our earnings conference calls, to arranging non-deal roadshows with terrific micro-cap funds, and also just general business advice when stocks are down and shareholders are calling. Lena from The Equity Group could sit here and tell the story as well as I could. They are totally familiar with our story, know exactly what we do, how we do it, and why we do it, and that proves to be tremendous when they set up meetings for us because they always put us in front of the right type of people. We have seen the best of the best firms, we have a tremendous list of current shareholders… that is a tribute to them and who they’ve put us in front of. The Equity Group is absolutely been part of the team since 2003, that’s when we made a decision to be what I’ll call ‘a real public company’ and Equity Group has been one of the standards of that team for the last 10 years and why we sit where we sit today.”
Edward J. Fred
Former President & CEO
CPI Aero
NYSE AMEX: CVU
THE START
- Market cap: $28 million.
- 3% institutional ownership, no analyst coverage.
Our Role
- Developed investment thesis, focusing on unique industry niche and financial strengths; wove into all investor communications.
- Drafted news releases, presentations, conference call scripts, factsheets and Annual Reports.
- Capitalized on CPI’s micro-cap status and strengthening fundamentals as a growth story to interest investors in meetings in cities throughout the US and in Europe.
- Arranged for management to present at an array of institutional investment conference; 10+ conferences each year including events hosted by UBS, Jefferies, Cowen, Canaccord Genuity, and B. Riley.
- Arranged two successful Investor Days, one at HQ and one at the NYSE, with 40-50 attendees.
- Arranged calls for management with investment professionals and visits to HQ.
- Helped CPI develop a corporate video.
- Worked with CPI to communicate a change in leadership.
- Handled all administrative IR duties.
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RESULTS
- Institutional ownership: new holders took positions; institutional ownership exceeded 80%.
- Research coverage: B. Riley, Canaccord, Capstone Securities, CK Cooper, Noble Financial, Roth Capital, Topeka Capital Markets.
- Market cap: more than tripled to $100+ million.
- Block sales: introduced CPI to institutions that subsequently purchased 500,000 shares from retiring founder and 250,000 shares from former CEO.
- Index: added to Russell Micro-cap Index®.