Us Global Investors, Inc. (GROW) Reports Q3 EPS of $0.94

Us Global Investors, Inc. (NASDAQ: GROW) reported Q3 EPS of $0.94. Revenue for the quarter came in at $6.4 million.

“As of the end of April, 43% of American adults had received at least one dose of the COVID-19 vaccine, while 30% were fully vaccinated, according to the Centers for Disease Control and Prevention (CDC). This is incredibly positive news for the commercial airline industry, especially when coupled with new CDC guidance saying fully vaccinated people can now travel at low risk to themselves,” comments Company CEO and Chief Investment Officer Frank Holmes. “Domestic leisure travel is roaring back, and several carriers have already announced new routes to popular vacation destinations, many of them to become available this summer. The next leg of recovery is Europe, which is seeking to reopen its borders to vaccinated tourists this summer, followed by Asia and Latin America, which currently lag the rest of the world in terms of vaccine distribution.”

“Contributing to our bullishness is the strong rebound in global manufacturing activity. In April, the JPMorgan Global Manufacturing Purchasing Manager’s Index (PMI), a leading indicator of economic growth, registered 55.8, its best reading since April 2010. The PMIs for the U.S. and Eurozone both hit record highs of 60.5 and 62.9, respectively, suggesting the unprecedented levels of monetary and fiscal stimulus have succeeded in propping up their economies.”

“I believe JETS will be well received by Mexican investors. Our quant approach to security selection has resulted in a number of Latin American airlines and airports joining the ETF, including Brazil’s GOL Airlines and Azul Airlines and Mexico’s Volaris and Grupo Aeroportuario del Sureste,” Mr. Holmes continues. “And our timing couldn’t have been better. Airports in Mexico serving popular travel destinations reported record traffic in March—greater, even, than traffic seen in the same month in 2019. Cancun International Airport, for instance, said arrivals finished the month at nearly 700,000, a new record for March and an increase of 5% from March 2019. Among the airports that also reported encouraging travel numbers compared to two years ago were Ciudad Juarez, Hermosillo, La Paz and Mochis.”

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