GREY:CLVRW - Post by User
Comment by
Benedictuson Jan 01, 2021 11:53pm
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Post# 32208616
RE:Adding
RE:Adding Last week was an absolute bloodbath in the stock and warrants. I suspect there was some very questionable trading In the few weeks prior to the de-spac. Regardless of the nefarious activities pre and post closing, the relentless big block sales took CLVR below important support at 10 on Thursday, which purportedly prompted the only current analyst from Hedgeye to issue a sell adding to the carnage on Friday. If the panic selling continues I will add more warrants at certain price points.
Current EV for CLVR is around 180M ompared to PCLO (a comparative peer) around 300M and if you place these 2 companies side by side and do an asset assessment, any investor will conclude that CLVR should trade at an EV of 50 to 100% higher than PCLO.
From my purview, the market is shrugging off unprofitable marijuana companies in its love affair with the MSO players in the US, so CLVR is flying completely under the radar. Next year CLVR will get their attention no later than 2Q as the B2B contracts get announced. But for now the stock may remain under pressure. All imo