RE:Waaaaaay overvaluedThey're called Banks and if they and pipelines and other industrials were the only things in your portfolio you'd never beat the Index.
You need stocks like NNO, BLDP, GBR, RECO etc. etc. or there's no chance but you do need to find them early if possible....but define early.
You do have to apply some market psychology and there is an element of risk, it may fail.
But for now, even at $ 5.00 which may appear high relative to a 100 year old industrial, it's a tiny company walking amongst giants and if it can continue to put out news on collaborations it could continue to run or better yet actually announce a formal JV and a production decision in which case I suspect $ 5.00 will look very cheap.
We're here because we believe success is more likely than failure.
This is not for the faint of heart tho, so you may be better served by stocks like BMO and a portfolio that will be an embarrassmet to you when you die.
Ackilles wrote:
This company is at least a decade away from the current valuation even making any sense. There are industrials with hundreds of millions in revenue with valuations of 500 mill.