OTCPK:WLDCF - Post by User
Post by
rodbharon Dec 04, 2017 6:32pm
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Post# 27088903
Valuation
ValuationA quick look at the balance sheet is enough to scare me off. At $0.96 ICC trades around 7X book value. That's a hell of a premium for what is surely going to be a capital intensive agricultural operation. I think ICC could very well succeed as a business. But I'm not so sure it can grow into it's high valuation. How will it earn high ROEs for long enough? Are they an unregulated monopoly? Maybe another even more highly valued Cannabis company will buy them out with stock. I could see that as a possible upside. Not sure I'd want to bet on that though.