Post by
maritimedreamer on May 14, 2019 7:55am
My thoughts (for what they are worth)
I took the night to soak it in.....This time I did not have high expectations for the quarter, I said 10 and it came in around that....here are my takeaways:
1) 10 mil is respectable people....the 15+ many thought coming, did not but doesn’t make Supreme any less successful....how I see it....7th q over q revenue growth is very good.... good % gains...q over q , yr over yr.
2) costs are being kept low....even with on-board of considerable # new staff...this was something I brought up b4... Burn rates still good, cash in til still good..... no profit, darn...matter of time.
3) they did not sell as much as I thought....but average price per g still over 6$ (6.28$) and 2.86$ trim....
NO indication of crop losses, no one knows grow cycle from seed to sale......always expect longer for better product/cure/finish.
4) revenues only based on dried.....oil sales will help (domestic/international)
5)this was still a ‘good q’ not ‘great’...but respectable....
i will will be called a pumper, but why bash a good stock?....they are a failure because how dare they not get higher...but look for yourself and you will see every quarter will only be better and Supreme will only be getting larger and stronger. can we honestly say the same for the rest? Buy, sell, do whatever....but i’m Holding......
Comment by
maritimedreamer on May 14, 2019 8:27am
Yah I see that as well......
Comment by
brentkosta on May 14, 2019 8:43am
This post has been removed in accordance with Community Policy
Comment by
HorsesforCourse on May 14, 2019 9:14am
Question, Could the inventory valuation be the plant in the process of growing and not necessarily product ready to be shipped ?. There should be a valauation placed on the plants in the growth stage. Thoughts?
Comment by
brentkosta on May 14, 2019 9:17am
This post has been removed in accordance with Community Policy
Comment by
brentkosta on May 14, 2019 8:15am
This post has been removed in accordance with Community Policy
Comment by
maritimedreamer on May 14, 2019 1:19pm
As expected opt..... still not happy with the day... games were played from early on when was showing 1.50s...the games are still being played right heavily controlling the stock....it was supreme’s job to push through this manipulation.....these q’s and new grow space don’t seem enough.....frustrated but holding....
Comment by
Tomharley on May 14, 2019 6:11pm
Your a complete moron. Your trying to justify all supreme shareholders missing the boat on making money. By saying 5 years ago it was .05 cents. Who gives a chit what it was 5 years ago.