Post by
retiredcf on Mar 17, 2024 1:43pm
Another View
This is already a sign that the word is quickly spreading so I'm not so sure about it consolidating back into the $0.60s. GLTA
Can you please profile Tantalus Systems Holding and evaluate why it is a buy, sell or hold? Do you see the recent runup as overdone or the start of something? Please focus on potential over 3+ years vs. 2024
GRID is very expensive due to it's small cap, high growth profile. Valuation for forward EV/EBITDA is 112.2x, price-to-book is 92.9x, and forward EV/Sales is 1.3x. GRID's early stage makes the use of valuation multiples a bit harder to evaluate the company as it's more about considering the potential it has. We would focus on sales multiples for GRID, as that is one of the best ways we can evaluate growth in the company's early stage. Forward EV/sales does look like decent value on a stand alone basis, especially considering the potential for growth that GRID has. Additionally, all these multiples jumped up recently as GRID's price shot up with news the company had agreed to a partnership with GE. The sector gets plenty of hype, but we think there is significant growth potential, although at a high risk. Its small size and valuation makes an entry price less important. It is either going to work well, or not. After recent gains it might easily consolidate back to the 60c level. We think aggressive investors could buy in staggered small amounts as it develops. It is very hard to 'predict' anything over a long period. It is still losing money with negative cash flow, and it has some debt. It is going to need more capital as well, likely on a regular basis. (5iResearch)
Comment by
Possibleidiot01 on Mar 17, 2024 9:26pm
I agree with you ; I would imagine the plan is to either sell more shares at a higher price taking advantage of the suddenly hot market for shares or to sell the company (keep in mind the IPO price was $2.25)