RE:Amazing financials and yet sub $10Well, I guess it might just depend ypon the definition of amazing.
What you see as amazing financials might just NOT be that amazing from a forecasted target point of view. After all, although their top line total sales revenue for 2019 Q1 may have seen an increase of 260 YOY, it still amounted to only $29M dollars.
Since the forecasted target for Aurora's sales revenue for the 2019 fiscal year is a tad over $400M, that leaves a whole ton of weed to sell for the remaining 3 quarters. Although I am sure that sales will indeed be higher for 2019 Q2, I believe the top line sales revenues are going to be negatively affected for all of the LP's (including Aurora) by the poor supply chain system which is one of the reasons for the empty shelves in the stores and online counters.
So, even if they double their sales revenues for Q2, this means they are still going to have to hit over $150M per quarter for the last 2 quarters if they hope to meet their forecasted total. That might be a pretty tall order for them and all of the other major LP's to meet.
Badtrader2008 wrote: Its like this stock is allergic to staying above $10 sp for more than a few days to a week,
How can it have such a wonderful earnings q1 2019 and have the market respond by closing less than $9.36. Talk about undervaluation.