Greenlane Renewables Inc T.GRN

Opinion about GRN

[ace1mccoy]

An Opinion was asked about GRN 

 Thoughts on the company, the latest quarter,do you think their price got dragged down because of XBC misstep.Would you consider this a buy at $ 2.00?

 

 

5I Research Opinion:

Certainly we think XBC had an influence. GRN reported $8.8M in revenue, up 167%. Margins were 27%. EBITDA was just above break even. Backlog was a record $45.7M. Cash is now $26.5M with a recent financing. The sales pipeline looks good. Outlook commentary was positive and we think the overall sector looks good as well. We would consider it buyable after the decline this year.

[bmbruce]

the short brief sounds realistic...thanks for the post

[GARP17]

Thanks for sharing. I believe the got the cash position wrong though. GRN finished the year with about $16M and then got the $26M. So they’ve got about $42M and no debt.

[bmbruce]

Received this reply from IR regarding the current share price decline.. "While it is difficult to assign a specific reason to the performance of the stock price, there may be some general pressure due to the recent news from an industry competitor. In saying that, we remain confident with our business prospects and those for the industry and look forward to continued growth throughout 2021

[1troffer]

yada yada yada, it all comes down to making money. Never mind the excuses. perform

[bmbruce]

let's hope that today we can disengage from the XBC drama ..

[DougInGreen]

At this price it's a screaming deal. $3 by year end seems a given. If you meet anyone who thumbs their nose at a 50+% annual return you go ahead and slap their mother.  

[ace1mccoy]

[DougInGreen]

Hah yeah I've had a quick look over there but am staying out of that one. Honestly I wouldn't worry about what's happening over there. When the company announces 40+ million in revenue next year and is in the black (as per their guidance) the stock will be over 3$. A great buy at these levels. An even better buy if it goes lower. And if you're already maxed out in your allocation