TSX:FDGE - Post Discussion
Post by
Possibleidiot01 on Jul 22, 2022 3:22pm
NBF - cantechletter.com
Farmers Edge (
Farmer’s Edge Stock Quote, Charts, News, Analysts, Financials TSXV:FDGE)
Rating: Sector Perform
Target Price: $2.00 (previously $3.00)
Projected Return: 36 per cent
There’s downside risk to agri-data company Farmers Edge’s second quarter results, according to Tse, due to inflationary pressures continuing on agricultural inputs like synthetic fertilizers and fuel. But Tse sees carbon offsets as a potentially meaningful opportunity for the company, with trends indicating the price for offsets could potentially double by 2030, making the adoption of FDGE’s proprietary tech by farms more attractive.
At the same time, Tse pointed to the high churn rate at the company’s executive level as a notable risk for investors.
“Overall, lack of execution coupled with corporate actions that has led to high turnover among C-suite executives has us sticking to the sidelines,” Tse wrote.
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