RE:RE:RE:$1.93 to 1.97 targetAgreed WC, your SP estimates look very doable for $2bil+ gross revenue....and could be north of there, the net margins will really tell the tale when all the current proposed construction is completed and the facilities are fully operational.
The premium quality is key and will be maintained unless management changes for some reason...the ulta premium is going to be in very high demand from day one and the quicker they break ground and get that facility completed and under crop the better.
Cash improves everything and FIRE will soon be awash in the green...which directly corrilates to much more green in the account for all the longs along with the wise and lucky that now own, JMHO....Opt
WCoyote wrote: Barewood wrote: Try over $4.50! People still want a quality product. Like the difference between product found between Walmart and Costco. What we have here is a 0.30 cent Dollar, very under-valued.
Higher - much higher. I know this may be pumping a bit, but not really if you look at Cronos and HEXO - where they are now, the cash positions, their current revenue run and their near future growth, then FIRE should be in the ~2B-2.5B range. Or in the $7.80-$9.75 per share range.
Of course you could say Cronos and HEXO are over-valued, but looking at the companies on the index we are still looking at the $6.50-$8.10 range.
We can move those numbers 2x once the current build is complete. Add another 3x once the new facility is complete. These guestimates do not take into account anything outside their local Kincardine properties and business.
This all assumes they keep their top quality and repair their image a bit. The improved image will come with improved revenue and fulfilling their current projects. Money has a way of improving image, wouldn't you say?