RE:Thoughts
Zach45895 wrote: I don't know how fair it is to be upset that the Nasdaq, and Nasdaq listed companies are trading higher than us. I understand that with the Nasdaq being tech heavy we trade in alignment with them a lot of the times.. but as far as Acuity is concerned we ARENT on the Nasdaq. So if we take a step back and look at that situation for what it is.. your really comparing apples to oranges. Sure they are both fruit but there's some differences as well. If we want to trade side by side with the Nasdaq.. we need to uplist to the Nasdaq.. it only makes sense.
The main reason we should compare ourselves to peers on the Nasdaq situation is the arbitrage situation that occurs. This is taken from investopedia but it applies here.
Arbitrage is the simultaneous purchase and sale of the same asset in different markets in order to profit from tiny differences in the asset's listed price. It exploits short-lived variations in the price of identical or similar financial instruments in different markets or in different forms.
I believe we have an arbitrage situation in that there are big gaps in price to sales,EV to ebitda that cannot be explained. I will continue to buy/hold until that valuation gap narrows. I cannot understand why Magnite is trading at a premium twhen our cash flow situation is much stronger and we are priced more attractively than they are. It's only a matter of time when the valuation gap comes to the attention of US investors and the appropriate share price is awarded.