TSX:HOT.DB.V - Post by User
Comment by
Capharnaumon Feb 11, 2021 9:59am
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Post# 32536622
RE:RE:RE:RE:RE:RE:RE:Sold HOT, bought KNR
RE:RE:RE:RE:RE:RE:RE:Sold HOT, bought KNRpointer wrote: If you did a bit of research, you would quickly see buying KNR is not speculating. They are the only company on the planet with a working airborne Covid virus detector, and they are building them right now, and shipping to their distributors. The National Research Council has given them money (twice) to get their device to market, and the Ontario government just chipped in $2 million to build them faster.
If they sell as many Covid detectors as they plan to build, KNR could be a $50 stock by the summer. Where will HOT be after announcing their Q1 and 2020 financial results?
Great, so you're investing in a company making a product that will be good for a year (at most) and then disappear... sounds like a great business plan. Unless they make like at least 2k per unit of pure profit, then the current market cap is still overinflated. It's all a hype play (since we don't know how much pure profit they'll make per unit) and the raise in market cap is just speculative.
On the other hand, you have a business with assets that are quantifiable (and worth more than current market cap) and with a proven record of being able to rent those rooms with known margins.