RE:RE:FIRE StartingI don't see a comparable to Supreme Trans, with all the competition out there and more coming, most will be finding it hard to survive with high fixed costs and increasing debt on low revenues and low net margins....FIRE is going in the complete opposite direction with highest net margins and basically no debt and their sales, by the kilo not the gram, before the retailer realizes any revenue by the gram from the consumer.
If even half the estimated revenue is realized over the next year, FIRE's net margins will yield much more favourable gains while debt carried is going down, if any debt even exists...the current SP is easily a fair valuation at worst and it will rise in real terms as fundamentals are the criteria for sector valuations, where as it is pretty hard to find any others in the sector that won't be seeing some retracement at a minimum going forward.
I think all the longs are going to be more than happy with their investment in and patience with FIRE for some time to come, JMHO.....Opt
theTransporter wrote: Agree - except I was expecting the year-end fiscal to be a catalyst and have the market re-valuate this company to what it should be trading at. I see the market barely reacted to these financials.
Nav really needs to hit the ground running in working on shareholder value and promoting this company.
2.78% increase on these rock solid financials is very disappointing.
CRON's previous quarter revenue was LESS than FIRE's previous quarter, yet CRON maintains a value of $2.8 billion.