GREY:INSHF - Post by User
Comment by
Toweringmarson Feb 11, 2020 9:12am
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Post# 30672926
RE:Napkin math
RE:Napkin mathI would have to think that if you're here you're interested and have done the DD? I think 1.67 is a giant premium and has a lot of 'givens' priced in. If ISH can come up with some of its own proprietary brands and the sell through is there then I can certainly see them in the 0.40 - 0.80 range. But to be 1.67 I would think the market would have to double at the very least and we would need to see some of the lesser compeditors fade away. I'm thinking the Choom's and YSS's of the world would need to drop out of the race. And from what I can tell the space is only getting more crowded... Can the rec space support more players? I think so. Does it mean less of the pie, most deff. I believe we're well undervalued right now, but time will tell. Adding a few more stores in Ontario will be very beneficial, but we need to show that we can turn all of this into a revenue positive company. (IMO it should have already been, given that we built it off of an existing supply chain, and have low capex). Organic growth will be key moving forward, and we need to offset debts and pay down the debentures. Can we? We'll that's the bet we're all making.