OTCPK:AVEFF - Post by User
Post by
Funinthesun1on Dec 04, 2017 11:10am
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Post# 27084863
Why Aveda is going to go up in share price...
Why Aveda is going to go up in share price...The current value per share price is .64 cents (most shares trade at double the asset value price). Even is AVE were to get bought out at current share price value (which was discussed in previous posts), still a nice jump. September 30th - 53.5 Million revenue reported five sequential quarters of revenue growth/3 of which were record revenue quarters. Loss per share was .02 compared to .30 in the comparative period. (indicating strong balance sheets). Well funded YTD (9 months) Loss per share is .12 cents compared to $1.35 in the comparative period. Decreasing losses quarter over quarter. Debts been restructured and raided gross proceeds of 22.9 Million. Strong balance sheet. Anticipating strong growth in 2018, the company expects to hire 120 employees this quarter and expects to complete most of its refurbishment of equipment this quarter. They are investing now to be ready for the first quarter of 2018. They are not a company will post news every week about how well they are doing as this can actually hurt as perceptions vary greatly. They keep their news for when reporting times come along. I do expect them to post something mid quarter about how the new hiring process is going. For those looking for a quick buck, go bet on new up and coming companies and cross your fingers. For those looking at a substantial increase with a realistic time frame (9-12 months) and understand that this company is poised to grow and ready for it, then take a position. My personal opinion.