RE:RE:Oldweed- how about an in depth Hiti analysis from you?? Thanks oldweed for that very detailed and insightful commentary. Yes I am pretty much in agreement with everything you said. Hiti is trading at.48 p/s based on a current 510m annual revenue run rate if you go by the latest Q1 results. As such Hiti has a lot of catching up to do just to get to a current fair valuation based on its own fundamentals without any premium added for additional store count, int'l expansion, M&A activity expected later this year, plus the big reform announcement I expect to come before elections. This weeks news was a start but it's not the big news I expect and feel will still come that will turbocharge and ignite big money to invest here.
On the subject of Raj selling Hiti, don't worry about that. Raj always said he is open for a buyout but at the "right price" . He knows Hiti is a better run company and has a lot of growth ahead of themselves in this still very infant industry and he wants to prove Hiti is a cut above many in this industry. He wants to be the undisputed leader in this segment. My guess is he will be a top 5 MSO as he stated several times l. Nothing surprises me anymore as Raj has always delivered what he said he would do. Underpromise and over deliver. Guarantee you Raj is dusting off that Roladex and planning his next strategic partnership or plan.
Been investing for so long and this one is one I have the strongest conviction ever. Next 7 months leading to elections we should see a significant move up in this sector imo.
Once again thanks for taking the time to respond
Ron