THE BIRTH OF A UNICORN STOCK: REVISITEDBack in July of 2023, I did a post about the potential of Nano to become a Unicorn stock. That post is still relevant today. Here's the link:
CLICK HERE TO READ I don't post much on this thread anymore, having moved over to a more fruitful discussion of Nano over on ceo.ca (
Click here if interested. But an individual there had spoken of that post from a year and half ago, and it prompted me to provide an updated opinion.
Here then is that Update:
Thank you Confounded for the kudos on that post. Sheesh, that was posted a year and a half ago! So I think I’ll take a moment here and update my perspective on things.
Do I still think Nano has Unicorn potential?
Yes, absolutely I do. But if I thought Nano had Unicorn potential then, I think it has Unicorn potential 10 times as much now. There are several things that have absolutely impressed the heck out of me. In no particular order: THE D.O.D. GRANT Yes, the $$’s are nice. But what impressed the heck out of me is how clearly connected Nano is.
That money does NOT come easily, and for a relatively small company like Nano to have not only been “noticed”, but fully endorsed by D.O.D. is stunningly impressive. Additionally, the vetting that D.O.D. would have done, would have been exhaustive. That D.O.D. gave Nano a full endorsement with real $$’s attached to it, to me is a MASSIVE testament as to the validity and potential of what Nano has to offer. The dollars? Nice. The endorsement and connectivity? Absolutely jaw dropping imho.
WORLEY:
Worley is a MASSIVE company with truly global reach. Not only has Worley fully endorsed Nano, but they are all but putting Nano front and centre of their offering in this space. Imho, Nano is becoming the “Worley poster-child” of what is possible and that is a shockingly good endorsement.. And with this Worley endorsement, I now FULLY expect to see adoption, and the licensing model flourish. With Worley acting as big brother, Nano now has the global reach in spades. Again, a jaw-dropping development, and one that I think is now on the cusp of bearing real fruit in that I believe there are advanced talks happening now.
Management:
I have to say, Management has done a stunning job, and this might be contrary to what some might say…especially those people who are prone to only look at the share price. The reality is that the past year (or slightly longer) has been extremely difficult on a macro level in this sector. This is where most people fail in properly assessing Nano. It is NOT a Nano issue. It is (was) a SECTOR issue. But some people can’t separate the two. To not separate the two is a failure I think. Within the backdrop of this really quite horrible sector-wide issue, Nano has had multiple stunning positive developments. Obviously the two points noted above (Worley and D.O.D) are front and centre. But equally important, Nano has been able to raise NON-DILUTIVE cash at a time when the sector has been stone-cold. That is no easy feat, and needs to be duly recognized. This is, in and of itself, a testament to brilliant and nimble management.
SO IF THIS POST OF MINE WAS 1.5 YEARS AGO, WHAT HAPPENED EINSTEIN??
Ok, it’s a fair question. Over the past 40 years, I’ve been fortunate to have made a stupid amount of money in the market. I would say I’ve fully and properly identified about 10 Unicorns over that time, all before the market saw what I saw. I won huge on probably 6 of them. So what happened to the other 4?? It all came down ONLY to a matter of patience. I am NOT a patient person by nature. And when it came to those “other 4”, while I saw the “Unicorn status” potential, I wasn’t patient enough to see it through. Such is the nature of my roots as a trader and my overall personality. At that time, I just lacked the seasoning, or worse, second guessed myself right out of the win because it wasn’t happening….yet. Oh, the $$’s I “could” have made, had due patience been part of the equation! My goal has always been to do the necessary research to find the Unicorn and then time my entry well, such that I buy just before the market takes off with it. On those “other 4”, the problem was I found the Unicorn “too early”, an annoying byproduct of a keen eye and relentless research. Yes, the stock was a Unicorn. I was right. But if I didn’t have the patience and steady hand at the time, then “not making the money” was almost as painful as a loss. To me, it’s just a loss of a different kind.
So how does this apply to Nano? Out of 10 Unicorns I’ve found, this stock, bar none, remains #1 on that rarified list for potential, only more so now. Share price torture of the past year aside, I still maintain Nano is the BEST stock I’ve ever found in 40 years. Patience? Thank God I’ve learned this skill, because Nano would have certainly tried that patience and then some over the past year. But the potential here with Nano is just THAT huge, that patience actually comes to me much easier on this one. My belief with this stock is SO strong, I consider “IF” to NOT be part of the equation. The huge win is ONLY a matter of “when”. So to summarize, I believe my original post holds absolutely true. When I feel impatient, (and yes, that does creep in now and again), I go back and re-read that post, and test every thought I had over and over again, trying desperately (as always) to poke holes in it. But I can’t. And with that, I regain balance and I smile. Nano’s day will come, and much sooner than many here may dare think.