Post by
MuttleyKnows on Jun 21, 2022 9:55pm
Trading at 3.5X Trailing Earnings
Friends, CXXI is literally trading at 3.5X trailing earnings. This stock is dirt cheap. One of the few stocks in the industry that have earnings plus they have real after tax free cash flow. Competitors can play with their EBITDA number but you can't fake after tax free cash flow.
For those that don't believe, have given up or need cash ... keep selling because I am getting a great deal here. Overall markets will stabilize eventually and the CXXI SP will recover to a normal PE multiple. You can choose what you think is normal but whatever you choose, you are going to achieve a great return from here.
Final point. Top line and bottom line will continue to grow as the organic grow capacity can support about USD 4 to 4.5 million in wholesale revenue in 2022. EPS and free cash flow are going to increase along with wholesale sales.
Keep calm and carry on.