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Pure Cycle Corporation: On the Fast Track

In the realm of water supply, Pure Cycle Corporation is making waves. Nestled in Watkins, Colorado, they’ve got a market value strutting at $278 million, and their 74% gross profit margin? Simply remarkable. The company recently hosted its annual shareholder showdown on January 15, 2025, with a gathering akin to an upscale block party for investors.

Shareholders Show Up in Force

A hefty 87.99% of the shareholder army showed up in spirit—or proxies, perhaps—for this meeting. On the agenda was the election of directors, with heavy hitters like Mark W. Harding and Susan D. Heitmann receiving love from their constituency. But Wanda J. Abel? She faced a bit more skepticism, though still nabbed the job. With a current ratio of 3.56, as shared by InvestingPro, the company oozes liquidity strength like a Wall Street golden child.

Here’s a look at the vote tally:

Issue Votes For Votes Against Abstentions
Mark W. Harding 14.46M
Wanda J. Abel (withheld)
Ratify Auditors 20.99M 50,968 133,814
Exec Compensation 14.39M 86,194 165,464

The Auditors and Exec Paychecks

Forvis Mazars, LLP continues to hold the gavel as Pure Cycle’s independent accounting maestros, blessed by the shareholder nod. On executive dough, the advisory vote gave the thumbs up, which, if you’re into numbers, meant 14.39 million agreed, versus a paltry 86,194 dissenting voices.

While we’re at it, you should know that Pure Cycle’s fiscal prowess isn’t just talk. They’ve clocked a 56% revenue sprint in the last year. Yes, you’re reading that right, and it’s not from the lack of pigeon milk.

Riding Below Fair Value

Interestingly, according to InvestingPro analysis, Pure Cycle trades below its Fair Value. For savvy investors, that’s Fortune 500 music. Imagine the potential upside waiting for folks to jump on the bandwagon!

For those craving more intricate financial tales and valuation wizardry, a deeper dip into InvestingPro’s library, with reports covering over 1,400 US stocks, is a thrilling treasure hunt.

In sum, while Pure Cycle is sculpting its operations and showing off healthy growth, they continue to nurture investor confidence. And, as in any good New York conversation, the buzz about what’s next is as juicy as a fresh bagel. So, watch this space. You might not want to abstain when the next vote comes around.

Editor’s Note: This scribe received a digital nudge from AI but wore a human edit hat. Check our T&C for more details.

If you’re thirsty for more, well, that’s what Pure Cycle is best at—quenching it.