Post by
JUJU1985 on Feb 10, 2021 11:52am
Weak Hands
Low volume is getting retail investors out before a big push near term. There must be a reason why there's been minimal news on this play. Price is being brought down to get better positions.
Comment by
gary7789 on Feb 10, 2021 3:46pm
I think AHC is planning a major new stock offering this year, which may temporarily hold their stock price down or move it lower for a while.
Comment by
deleuze68 on Feb 10, 2021 4:09pm
Why would a company that prints money have to raise funds? Right now they should have around $40 million cash on the balance sheet with zero debt. The question isn't how to access capital but rather, what to do with all this capital.
Comment by
gary7789 on Feb 10, 2021 9:42pm
we know they have been printing money since COVID started. Ita not yet clear how that will go afterwards. I think they will be fine but things did change radically on their favour with COVID so we need to see what they do with the windfall. Hopefully they leverage the relationships they built (Eg Costco) with the cash.
Comment by
dazed4life on Feb 10, 2021 9:59pm
I am long on AHC but do have some concerns. I was recently shopping at Costco and Walmart and both places seem to have mountains of unsold hand sanitizers of multiple brands available. Are we being too bullish? Maybe revenues will be down quicker and more than we were expecting? It was already down about 7 million from the previous breakout quarter. Just trying to play devil's advocate.
Comment by
northcapital on Feb 10, 2021 10:42pm
If you are in Canada, then there may be another explanation for what you saw. You may not have witnessed an oversupply issue, but the rumored, exotic, and rare sightings of a Canadian store that has actually stocked their shelves.
Comment by
gary7789 on Feb 10, 2021 11:00pm
margins on hand sanitizer are going down. It's an easy product to make. Few barriers to entry. They key for AHC will be if they can leverage their relationships with new large customers & expand their listed products to diversify & keep margins