RE:RE:everyone needs to calm down ????? Everyone makes their own decisions based on available information. Opt isn't responsible for sh7et.
what about all the analyts and their price targets...
the entire sector got crushed.... not just fire.
the market was supposed to be 4bil yr 1 - based on multiple reports from analysts - it was less than 1bil. Hence a 75% smaller market than expected and massive crush job on all the pot stocks. After fires 19mil q4 last yr - this is what the analyst report said: this was 12months ago!!!!
Maintaining $3.25 target; BUY. With strong Q4/FY19 results and meaningful positive EBITDA for the first time, in our view, FIRE has joined the relatively exclusive club of profitable Canadian LPs, which we believe argues for stronger valuation metrics. In addition, despite Q4/FY19’s strong top line growth, we note FIRE ended the quarter with its highest inventory position on record, up more than 2.5x QoQ to $19m. This should provide good support for future revenue growth and flexibility for inventory allocation towards Cannabis 2.0 products. Our target is based on a DCF using: 1) a 9.5%
discount rate, 2) avg. market share of ~8%, and 3) 3% terminal growth.