RE:Good article to readHere, here Ped very good write up, not too mention right on target and it is a real pleasure to hear people are starting to get the over all quality of this company and the team putting it together...Fowler should be here for this, maybe for the ultra premium.
It is key that you mention that the this company is not in the part that is 'correcting', it is continuing to grow the business, a quality buisness from seed to product shelved of which has been Supreme's MO from the jump.
Very true that we are not on solid enough ground yet...it was very clear the sector was going to correct and I was really wrestling with unloading some between ~$2.50- 3.00 but figured the vault would be full openning day and keys rolling out the door by the semi load and did not want to get caught...any other company in any sector and half or better would have been gone and while I was only concerned about the extra green I would miss out on and not that the company was going to fail, rather just that much more of a wait for this story to come to fruition.
The guidance Dhaliwal/team have laid out is very doable for this company and probably this company alone, at least for the forseeable future, I mentioned 3yrs ago that FIRE would produce the sweetest Balance Sheet in the sector and if they meet or exceed estimates we will see that and profit 6-8mos out, plus handsome rewards for those that own for some years to come. This is, JMHO....Opt
Pedal2themetal7 wrote: Grizzle's article to me illustrates the state of the industry and the predictable correction which has taken place in 2019.
The bubble is no longer and this is now an investment which means a long term game in a very volatile sector with no guarantees.
If investors take time to review everything this company has accomplished, sedar reports, financials and really listen to the last audio presentation released by Nav, in my opinion this company is the template for a sucessful producer in this evolving market. As Nav indicates, there was nothing to compare the company to when it comes to sucessful companies within an industry.
Of course they have made mistakes, but they immediately corrected same while maintaining integrity and continued compliance within this ever changing regulatory system. Again if investors conduct DD they'll realize this ever growing management team is world class, and in order to attract such talent a company requires a world class organization.
Everything they do is stratigically thought of, the result of years of consumer research, building a world class producing facility, international partnerships, without jeopardizing quality, this is no small feat.
They did not collapse to outside pressures when critics were calling for the company to follow the trend scripted by the larger companies.
It is now obvious they predicted most of these obstacles and are now years ahead of everyone else. This company has a very solid foundation, and after spending the last few years honing their craft and ironing most of the wrinkles, they are almost ready to reveal what Supreme has worked so hard to attain, with a fully operational facility.
People can come on this board with all the technical analysis and theories a person can come up with, but over decades countless so called professionals have attempted to predict and beat the market, but most have failed. Most successful investors have utilized very simple approaches, and do not complicate matters with charts and bowls/cups.
At the end of the day P/E, margins and investors buying into the Supreme story will reveale if Supreme is a winner or a loser.
To date a number of LP's have been selling highly doubdful goals, unreachable guidances explaining class action lawsuits, layoffs, and restructuring business plans in order to catch up and attempt to be competitive. How many companies will be flexible enough to navigate through the plethora of landmines waiting for them.
IMO Supreme is a very strong pick for a company which will survive this correction, but time will tell.
I believe 2020 will have many ups and downs but this is a billion dollar industry and once the dust settles, investors will return and the strong will benefit while the weak will be taken over at a bargain or just be done.
Not an easy road ahead, and who cares about the shorts, don't let them discourage you. Do your own DD and each investor do whats best for them.
And don't forget 90 million by BMO and the Kitchener facility, which I believe is such a great move by this company, but again IMO.