Post by
jermoguy on Sep 13, 2021 10:45am
Don't Understand Why This Stock is Dropping
I have no problems with the gyrations of the market and realize that stocks don't always go up. I am still making money on this right now, BUT am at a complete loss as to why this stock continues to drop...because...
1. Revenues continue to be strong and are up quarter over quarter and year over year
2. This is a socially hot area - environmentally friendly solutions and many governments are implementing single use plastic bans
3. There have been multiple acquisitions which have been strategic and has grown the business
Yet the stock continues to drop.
My one and only thing that I can think of is despite the above, we are still not earnings positive yet, and Paul has stated that that is not his goal. Could this cause some consternation amongst the market, which expects to see us profitable by now?
I also don't want to see Bruce Campbell keep pumping this thing. Some people seem to think his endorsement is valuable. I would offer the oppisite. Since his intial pump last year at the $1.20 range, every time he says it is a recommended pick, within weeks it drops.
At one point last Fall / earlier this year, the acqusitions were very well received by the market, as was the record revenue at ever quarterly report. We continue to do well with sales, so I am at a complete loss why the market is not liking this stock.
Comment by
ACarrothers on Sep 13, 2021 12:47pm
My hypothesis is that a lack of guidance on the path to profitability (when and by how much) is dragging us down... So many reasons to believe in GDNP over the long term, but unclear on when it turns the corner on profitability...
Comment by
HenoftheWoods on Sep 13, 2021 3:48pm
Excellent post Dileas48s. As you can see from my own post, which I wrote before reading yours, we are in agreement. This company has a strong possibility to corner the market in a fast growing sector. That should be their relentless focus over the next 2-3 years let's get revenues above the 300-500 million mark before even starting to worry about profits. Hen