GREY:FFLWF - Post by User
Post by
Troysthatguyon Apr 30, 2020 10:43pm
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Post# 30974494
Nightmare!! They lost 35 million dollars
Nightmare!! They lost 35 million dollars In 2019 it total losses. That is an insane 1 year deficit. This can turn around quickly but given they have 50 million owed and not profitable i just don't see the value here anymore. I've been watching them closely. I bought FAF twice held short term than sold for small profits. Didn't buy back because the fundamentals keep getting worse. I'm now a buyer of META. There will be a few giant retail cannabis companies that's almost a guarantee. FAF will be one. But short-term wow ya very disappointing I need to see a profit of even 1 million lol before I'll hold this.
Meta is way closer to profit than FAF at this rate. FAF admistration costs are insane. Over 10 million dollars are you joking?
they will need to make 45 million A quarter to fe profitable again at this rate. Gross margin roughly 16 million out of 45 million. Than you take all operating expenses which totalled near 15 million your left with 1 million profit at 45 million in sales which is along way away when we're hiring only 18 million. This isn't bang on but it's quick napkin math that's not far off.
Again one day maybe but for this whole year I just don't see this being a good buy.
inner spirit holdings or meta is much more attractive to me. JUst my opinion I'm no advisor do your own Due diligence