Post by
JavaJoey on Mar 20, 2019 10:33am
Cheap Multiple, Tight Float, Great Plan
So this company is planning on doing $116M in 2019.. Which means right now they are trading at less than 2x sales (assuming they hit that number, and the acqs aren't too dilutive)....
And the float is insanely tight with acquistions coming... (Incentive to run the stock higher to reduce dilution)
Lastly, the plan. Lots of dispenaries doing $2-4M... These guys are from Colorado and know how the space will look in 5 years when every other state rolls out.. Don't fool yourself, all the companes saying they will do $20M/store are trying to bake in revenue to "analysts"...
This is the model that will bring long term cashflows... Proven model vs. Greenfield...