Post by
PhDtrader on Nov 30, 2021 11:56am
Glass half empty, glass half full
Glass half empty: Very is burning cash, revenue to market cap is 1:16 based on financials, and revenue growth is not impressive (50% year over year Q3). This is based on the recent audited financial statement up to Sept 30. Fundamentals look really bad.
Glass half full: Very is spending wisely and positioned to scale its retail presence massively, revenue to market cap is 1:7 and revenue growth is set to be 450% or greater for Q4. The glass half full perspective is based on the statement that VERY grossed $1.5 in October (an unaudited statement suggesting a $6million Quarter is underway), and although Q3 growth was slow, this reflect a shift from e-commerce to retail. This shift is less profitable, but obviously necessary to make use of the massive production capacities coming on line.
Expect volatility - this stock is a roller coaster - and consider all angles. GLTA.
Comment by
NYETrader on Nov 30, 2021 12:27pm
Looks like the bottom is in time to add! GLTA