$BLMH undervalued? Bloom Health Partners Inc. ($BLMH.C $BLMHF) took a pretty drastic hit today on the CSE dropping 18.75%. Personally, I think this could be a blessing in disguise for those looking to invest at a price that is undervalued IMO.
The main reason why I think $BLMH is undervalued at its current price of $0.26/share is that the occupational health company is providing high in demand covid testing services across the US. Just this month the company has obtained a state-wide contract for testing in Texas for K-12 schools for the remainder of the 2022 school year. $BLHM also has a contract for covid-testing in Alabama Schools.
Also, this January $BLHM opened a new facility in NJ, allowing the company to serve workforces (including fortune 500 clients, sporting events, film/TV productions, etc.) in New York and other areas in the Northeastern US. This adds to their existing locations in Dallas, Atlanta, Montgomery, and LA.
Personally, I think that $BLM's expansion and multiple new contracts speak for themselves, making it a total steal at this price.
$BLMH's MC is $9.601M