Recently this company anounced that it has repayed all of its loan with Boneyard Investments Pty Ltd. I've been following this company for a while and I am very much impressed.

Atlas Pearl has been struggling even before COVID. When the company was on the track to become profitable, the pandemic nearly killed the business. In just two years, not only the management lead the business out of debt, they also grow the company significantly. Although there is little room for innovation in pearl farming, the management has been working hard on improving sales channels to increase the revenue and bring down operational cost and the results are solid.

I just love to see a business keep refining its strategy step by step and eventually turns things around at a steady pace. Comparing to those companies claiming that their business model will be insanely profitable some time in the future and offerred you a valuation over $1b, Atlas Pearl is the kind of story I would much prefer.

The company is selling at a very attractive price right now. In terms of future growth, it's unlikely to see Atlas boost its profit by 40% annualy. After all, it's pearl farming. I do count on the management to keep growing this company in their own pace. Is pearl farming the future? Probably not. But still, there is a very good chance that people will be buying pearls 50 years from now and Atlas will survive nicely in that version of future.