RE:RE:RE:Re: Level2-We need a lot of volume to reach over .30 centsYou must be as good as house lol.....
Aurum1983 wrote: ha. Rhett Butler...not sure if I can compare to his charm.
I've been quiet because it's a busy time of year for me. Still holding every share and will buy more at every dip. I still read every post here but fact is there's not much I can add. FIRE has great management and money. It has a solid top-quality product line (7AC and Hi-way for best value) and has managed to become cost efficient. The legal MJ industry as a whole is gaining ground. FIRE is undervalued to its peers no matter which method of valuation you use. EV, revenue, EBITDA...FIRE is likely the most undervalue LP in the entire MJ universe. We have been saying this for awhile but now the analysts agree. What we need is for this trend to stick for a few quarters and the ETF and institutes will pour in. And this is when you want to get in - before the funds. This is easily a ten-bagger as Peter Lynch would say.
Some would see the lack of US exposure as a negative but I actually think focusing on Europe when everyone have their eyes on US is smart. As a smaller company it is much easier to grab a comparably significant piece of EU than to enter the US. Think about the vertical integration in every state that would be required...EU is the low hanging fruit so to speak perfect for a lean and nimble company with top-shelf product that needs revenue NOW.
We just need to be patient and let Benna grow the company. Patience is just about the only edge we have against shorts and the irrational market swings, unless you have a bloomberg terminal and is algo trading. I hold stocks for the medium to long term in general so the daily price does not bother me at all. One of my best investment was a significant position in BTO which I held for 6 years and took a 350% profit in the millions. Think about how many PP's and short attacks I have had to endure and I did. I don't have the wisdom of age compared to a lot of the folks here but if there's a piece of general advice I feel comfortable giving, it would be to follow the best people and be patient - it has paid off big time for me.