RE:RE:Canaccord: Speculative buy rating and $1.30 target for FLTSo what you're saying is FLT SP could go up or down. Ok.got it. Heres hoping up and that they are valued on current LOIs and forward/future revenue sooner than later. ( like a lot of companies). They have a growing and model with all the peices in play with adequate cash to get net profitable whether its in 6 months or 2 years. All these LOIs will beging turning into profitable repeating partnerships and will result in other partnerships for this incredible product/market.
InvestForce wrote: Average price still $1.48. These analysts have been making it up and have been wrong every time, usually not taking into account how long it actually takes for a start up to grow and turn profitable. If a big contract gets negotiated, they'll revise up so any revision down doesn't really mean anything to me. It's reactive to me, not proactive. This price likely reflects status quo steady growth, which is still positive. Most opinions out there and the overall reasonable "guess" is that DDC will be net negative on cash burn for about 2 years in terms of making a difference in needing further bought deals but will not likely be truly cash flow positive for maybe 3-4 years. That's why DDC made a 2 year deal and put forward a 2 year plan in the December 15 posting on Sedar.com. It's really hard to accurately predict anything beyond 1-2 years for a company that has 4-10 news releases and Sedar posts every month. There is a lot at play with positives in terms of attention and LOI and agreements and regulation and market conditions that can be both headwinds and tailwinds. They are ahead of the competition with the Air Canada 10 year contract and taking the current Federal regulations to the maximum while lobbying for more. COVID-19 is a disaster for the economy but attention is directed to drones during these unprecedented times. Bottom line, whatever price target analysts give is interesting and I'm glad to have but might play catch up and lag actual performance, either for the good or the bad.