ParcelPal Logistics Inc C.PKG

Alternate Symbol(s): PTNYF

Industrials

ParcelPal Logistics Inc. is a Canada-based courier and logistics company, which is a specializes in last mile delivery service and logistics solutions. The Company connects people and businesses through its network of couriers in major Canadian cities, including Vancouver, Calgary, and Toronto, as well as in the western region of the United States. Some of its verticals include pharmacy and health, meal kit deliveries, retail, groceries and more. It provides a range of solutions, including warehousing solutions, next day delivery, same day delivery and e-commerce integration. The Company offers logistic management services and supply chain solutions. Under warehousing solutions, it streamlines its transport products with warehousing to assist in meeting storage requirements. The Company offers delivery and logistics solutions for business to business, business to customer, and any other tailored creative solution its partners may require.

CSE:PKG - Post by User

ParcelPal Logistics Inc > Wow!!

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Comment by skydiver069on Jun 09, 2022 8:24pm

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Post# 34745696

RE:Wow!!

As frustrating as this is to swallow, my guess is investors are after the companies offering stronger free cash flow right now; such as from the Oil related sector where company CEO'S are already speaking about buying back shares with with the profits the company's are reaping.

PKG may be turning a profit, however it isn't reaping the same type of revenues and cash. It also has quite a few million shares outstanding. Because of this combination, we'll have to either wait for revenues and profits to increase, or the share count to be reduced via buy backs - not via consolidation!

This is just my opinion. I am going to be holding a stack for a while longer. It's too cheap for me to sell now. This is when I should be averaging down for the longer term. Too bad my cash for that is working in Oil right now, right? Lol!