RE:RE:RE:Aph double digit lossAgreed WC, this is a sector wide correction and valuations are going to be based on fundamentals not hype. It has nothing to do with the ACMPRs in any way shape or form, the companies in this sector are going to have to clean up the losses and start showing profit or the ability to mainatin until they are in the green or they will not survive...like every other company in every other sector.
FIRE is no where near hitting it's stride yet and will be showing profit by the time they are at 40% of full production. This is an industry wide correction and to survive a company is going to have to show profit or the ability to realized that profit in the near future or their SP will relect that status.
FIRE has had the most realistic SP, based on fundamentals, for some time now and as the revenues get up to speed their net margins are going to be the sweetest in the industry before most if not all. SPs in the sector will be based on fundamentals going forward and FIRE will be closing the gap with all and passing many 12-18mos out. They just need to execute based on guidance, get that packaging at full production, get the product on the shelf and the green will arrive on the balance sheet. FIRE is the cokk of the walk and this will be increasingly clear over the next 3quarters and beyond, JMHO...Opt
WCoyote wrote: watchmeplz wrote: Because extreme outside pressure in Canada from acmpr personal production licenses, from illegal grows and shops, from having a crazy valuation at 400+million having people that think pot is cool let’s invest somewhere driving the share price up in the beginning, combined with the low revenue not only from this but the other sector LPs from full market saturation from acmpr licenses, having 300+ million shares outstanding, pressure about another certain dilution event when there’s already 300+ million shares outstanding. I don’t know maybe those are a few.. this has a long way down to go before it has a proper valuation.. you were warned
Straight out of your butt again, eh?
Fact: Share count is immaterial. Market cap is what is important. A $400M company is a $400 company whether it has 1 share or 1B shares.
Fact: A market cap of 2.2x projected revenue is perfectly reasonable. Especially for a company that is as young as Supreme and is just approaching their intended production/revenue levels. In fact, most people would say it has quite a low MC. It is not in any way crazy. For instance Apple has a market cap of more than 3x projected revenue, and they have been in business since 1976. Would you call them a failure?