Gonna be at $10 again in no time...
Ignore the bashers. The only reason we had that big drop is because a seller who clearly doesn't understand small floats went and dumped a big pile of shares at market pricing all at once. It's pretty much just luck that we are getting these shares this cheap. This stock has a very low float, so it doesn't take much to move it a buck. Having said that, I'm a bit as confused as to why anyone would have dumped their shares after seeing those earnings. I have spent a lot of time analyzing earnings in this sector, and this company is in phenominal shape to pop well into the $20s or $30s over the next 12 months. Of course our loss per share is up - we have made some large (but stellar) acquisitions, and that costs money. Most experienced investors will understand that. The bashers do, and that's exactly why they have shown up to try and push this price down...because they know it's gonna be huge and they want it cheaper. There isn't one company in this industry that shown earnings and growth like this with this much cash on hand at a SP this low. Prove me wrong. If someone can prove me wrong with actual facts, then I guess I'll have another company to get into besides Origin. No one is in as good of shape of these guys.
Look at CWEB...most analysts would argue that those earnings from yesterday were much less impressive that the OH earnigns today, especially considering CWEB's SP, and it still popped up a dolllar. Look at Medmen. They just can't stop spending money. Having said that, I do believe Medmen is on their way to the $20s as well. The scale at which they are about to start turning retail profit is simply ginormous. However, because traders hate it when stocks get dilluted (more so than longer term investors), it's just going to be a tougher battle. Yes, I also own a crapload of Medmen in the 7s, and I know I will be fine 1 month, 2 months, 6 months from now. But at least I am admitting that that company didn't getting the traders excited when they diluted the shares once again at the same price from 3 months ago. Not concerned about them though, and that would be another really good buy anywhere in the 4s. They will be 10 times the size of Origin, but we have to wait because of the dilution that just added. What I love about Orgigin is that their SP could be at $10 in a week, $15 by January. When it moves, it moves big!