Post by
colourama on May 16, 2022 3:13pm
No Buyers
It seems there are absolutely no buyers in the market right now. This is being treated like a tech stock that doesn't have any earnings or is extremely overpriced, neither of which applies here. Q2 2022 financial results should be out soon.
Comment by
Torontojay on May 16, 2022 4:17pm
Even on a price to book value it is reasonable at under 2 times. I have an adjusted forward free cash flow yield of about 15% which excludes the COVID impact on the recent acquisition. Otherwise it's much higher. Ive been adding in the 60 cent range anytime I get a chance.
Comment by
nozzpack on May 19, 2022 7:31am
The problem is what's left of the overhang of 28 million shares at 25 cents , allocated as part of the intitial going public deal. It will take quite a while yet to soak up all of that cheap paper..