TSXV:MRS.H - Post by User
Comment by
ScarletSpideron Feb 23, 2021 3:23pm
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Post# 32639008
RE:SpiderMan
RE:SpiderMan
hockeynut2...I never said the bottom line doesnt matter when stocks trade too high....never said that and never will eventually dollars matter let's not confuse things. What has killed the stocks is the Wests inability to get covid under control...I will put this in all caps because I am pissed about it PERIOD!!! 500k deaths and climbing in the US everything in shambles because the bloody west is too damn selfish and weak to make the needed sacrifices that could have effectively dealt with this while getting vaccinated. There was one easy way to deal with this and nobody let alone in the West dealt with it properly and that was and still is to ban all international travel PERIOD! There should have been national 1 month hard lock down where as New Zealand at one time was Virus free until people traveled. Once you are Virus free relative terms you can open local and national travel only until everyone throughout the world has been immunized. Right now the problem has the most to do with covid something which I give failing grades to all levels of governments around the world where I dont care what you take control of the populace not weak stances that say oh we cant do anything because of peoples rights grow a damn pair even if you lose the next election but nope and this is what you get. So hockeynut this has more to do with covid than anything else. That said we talk about running deficits businesses will run losses until they scale up and make on mass that's just the way it is. And like I said and maintain if it was all profit based kick all companies out from trading...it is to do with strengthening the balance sheet and moving to profitability but if shares are trading way too high comparative to revenue and outstanding shares they will get hammered...they are hand and glove but remember I never once said anything differently you are still way focused on the bottom line there is an equilibrium and not once will I say fundamentals dont matter in the end but i did say it doesnt when companies keep improving their lot meaning exactly what i have said people are looking at companies that can become overall profitable and if quarter over quarter year over year they are doing that the value typically rise but again lets be clear if you are talking fundamentals on only a profit basis I fully disagree. Today's boards has nothing to do with anything other than people not happy about the drop in price. I said since day 1 to my family and others no point opening the economy if you cant control the virus by that the hard measures needed to and still need to be in place. Only essential movement of goods should come internationally and people properly screened. You cant expect anything good to come by trying to do things any other way and that is what you get in the reports and fear running rampant. That said this has a good chunk of revenue from ppe no excuse for this price movement whatsoever. Oh by the way I dont care about Morningstar useless stocks never traded at fair market when they put anything out always lower. They said fair for nxo and it traded lower in .60s it trade where it is now and that was quite some time back. I had said as a lay person fair value here is between a buck or 2 right now I dont tend on this. With so much revenue should not be less than a buck!!! Anyways hope this is clear if not this is what I have said and what I will reiterate as many times as asked!!!