Post by
ebrie014 on Apr 26, 2022 3:19pm
Looking Attractive at Current Levels ~39M mkt cap
Been following this one as an interesting ghost kitchen play - don't know why it keeps dropping. Must be an initial investor needing to divest for some reason...
Nevertheless, the Company keeps executing, signing new partnerships, opening new locations and growing its revenue. At the current level its trading at ~$39M mkt cap which based on 2022FY Forecasted sales is nearing 1.5x Revenue which is incredibly cheap for this type of business (especially if they can keep growing). I don't like the idea of "catching a falling knife" but I am generally a value investor and look at things based on fundamentals - its starting to looking interesting now and seems like a good risk/reward ratio.
Best of luck,
E.
Comment by
SIGG1 on Apr 27, 2022 7:31pm
I agree this got really cheap now. Market cap 36M with about 20M in cash and barely any debt. It looks like the price is being pushed down by Anonymous almost every day now for the past 2 weeks. Easy to manipulate with this low volume. This has created a great buying opportunity.