My thoughts (for what they are worth)I took the night to soak it in.....This time I did not have high expectations for the quarter, I said 10 and it came in around that....here are my takeaways:
1) 10 mil is respectable people....the 15+ many thought coming, did not but doesn’t make Supreme any less successful....how I see it....7th q over q revenue growth is very good.... good % gains...q over q , yr over yr.
2) costs are being kept low....even with on-board of considerable # new staff...this was something I brought up b4... Burn rates still good, cash in til still good..... no profit, darn...matter of time.
3) they did not sell as much as I thought....but average price per g still over 6$ (6.28$) and 2.86$ trim....
NO indication of crop losses, no one knows grow cycle from seed to sale......always expect longer for better product/cure/finish.
4) revenues only based on dried.....oil sales will help (domestic/international)
5)this was still a ‘good q’ not ‘great’...but respectable....
i will will be called a pumper, but why bash a good stock?....they are a failure because how dare they not get higher...but look for yourself and you will see every quarter will only be better and Supreme will only be getting larger and stronger. can we honestly say the same for the rest? Buy, sell, do whatever....but i’m Holding......