OTCPK:AVEFF - Post by User
Comment by
rusty777on Feb 26, 2019 1:03pm
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Post# 29414985
RE:still holding this stock
RE:still holding this stockHi Cool
I would sorely like you to be correct - I am underwater on this one until it is in the mid $10.00 - however, it seems that the more they make the more they spend. A recent summary by Zack's (https://s1.q4cdn.com/460208960/files/News/2019/Zacks_SCR_Research_02072019_DSKE_Ralston.pdf) suggests that even though they are increasing their income by over 90% they are estimated to lose anywhere from 20 - 41 cents per share - hard to fathom how they manage to do this - especially given the cost of fuel over the past few months but, sadly, that is the expectation. I am not sure how other analysts consider a 12 month valuation of over $12.00 for a company that seems completely unable to turn a profit. At the end of the day, increasing earnings is meaningless if your expenses are increasing at a greater rate.
Tried talking with IR - unfortunately, he spent more time telling me how wonderful everything was and trying to snow me with bafflegab rather than answering why costs continue to outstrip earnings by such an extent......
March 8th will be interesting.
Rusty