As of Thursday morning, more than 8,932,700 people in the United States have been infected with the coronavirus and at least 227,600 have died, according to a New York Times database. The reality is that the pandemic is getting worse and we are going to have to learn to live with COVID-19 until a vaccine is developed, which may not even happen. The best bet for investors is to identify the best stocks that can allow us to live with COVID-19, be it work-from-home or back-to-school plays. One of the best bets right now is Bantec Inc (BANT).
As you can see from the chart above, Bantec Inc has runner written all over it. In this article, we take a look at Bantec Inc and how the recent spike is setting the stock up for a move back to the highs.
First up, here’s a little background info for those not familiar with Bantec Inc. Bantec, Inc, a product and services company, through its subsidiaries and divisions sells to facility managers, engineers, maintenance managers, purchasing managers, and contract officers who work for hospitals, universities, manufacturers, commercial businesses, local and state governments, and the US government.
Bantec Inc Hand Sanitizer
One of the most crucial supplies need to defeat COVID-19 is hand sanitizer. Bantec Inc just unveiled a hand sanitizer manufacturing package, manufactured exclusively for Bantec, under the Bantec label.
Bantec’s hand sanitizer manufacturing package consists of the 250-gallon main reactor platform, two 100-gallon storage platform, and the instrument control panel, and also includes High Sear and transfer pumps, sanitary stainless piping for ease of cleaning between runs, and built-in viewports for product visual confirmation of flow along with viscosity.
The Company’s hand sanitizer manufacturing equipment manufactures approximately 200-gallons in an eight-hour shift. As stated above, the package can manufacture several different products and is customizable.
Back-To-School Safely Program
In August, the news that got Bantec Inc moving was its back-to-school safely program. Michael Bannon, Bantec’s Chairman, and CEO stated:
“We are offering a program, through our contract with CleanSmart, to help students get back to school. The three-pronged approach we intend to use consists of reselling UVC and spray disinfecting robots, Enviro-Pro® disinfectant, and a glass floor coating. We demonstrated the UVC and spray robot to a Connecticut school system that is determined to get 100% of their students back to school this Fall.”
As demonstrated in the video, the robot disinfects using both UVC light and/or spray. In addition to helping schools, Bantec Inc is also looking to help hospitals, manufacturers, universities, and commercial property managers better cope with the Covid-19 pandemic.
In September, Howco Distributing, its wholly-owned subsidiary, received a $100,000 increase to an existing purchase order to provide military-grade packaging for a major aerospace manufacturing company selling military drones, replacement parts, and other accessories to the U.S. Department of Defense.
Howco has a history of big government contracts. In June of 2019, Howco was awarded an $825,000 contract from the Department of Defense. In 2018, Howco received $1.6 million in contracts over just an eleven-day period from the US Defense Logistics Agency.
Earlier this month, Bantec Inc expanded its Covid-19 offerings by becoming a Larson Electronics distributor. The Company also announced its intention to acquire electrical and janitorial service companies to increase its customer base, revenues, and profits.
With Larson Electronics, Bantec Inc plans to offer its customers a large variety of UV disinfecting products. Some of these products include portable industrial UV sanitation lights (kills 99% of viruses), UVC handheld surface sanitizer, UV disinfecting desk lights, rechargeable disinfectant door lights, door barrier germicidal UVC fixture, weatherproof UVC fluorescent light fixture, UV Excimer disinfectant fixtures, and many more.
Bantec Inc Bottom Line
Currently trading with a market cap of just $2.3 million, Bantec Inc is an exciting story among small caps. With shares trading under a penny, we see BANT stock gearing up to make another run towards the late August highs near $.05 a share. With the COVID-19 pandemic worsening and Bantec putting a few more PRs, we can see this move rather quickly. After all, the August move happened over a two-day period. We will be watching BANT and alerting our subscribers BEFORE the move happens.
As always, good luck to all (except the shorts)!
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Disclosure: We have no position in OTCMKTS:BANT or any of the securities mentioned. We wrote this article ourselves and it expresses our own opinions. We are not receiving compensation for it. We have no business relationship with any company whose stock is mentioned in this article. Insider Financial is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This article is not a solicitation or recommendation to buy, sell, or hold securities. This article is meant for informational and educational purposes only and does not provide investment advice.