FormerXBC Inc XEBEQ

Oftentimes valuations don't make sense, take advantage of it

[Winston1]

In January 2021, Xebec was trading at over $11.50/share with a market cap of $1.75 billion. Their 2020 revenues were $56.5 million. That's an absurdly high 31X sales valuation. Today, Xebec is trading at 84 cents with a market cap of $130 million. Their 2021 revenues were $126 million. That's about a 1X sales valuation. Much more reasonable than last year, perhaps even unreasonably cheap. You decide.

[tony08]

Indeed, I believe there was a lot of speculation when Xebec rose very quickly to $11.55. Some will say that I was a little too careful but the first time I bought this title at $1.98 and I sold them all in December 2020 at $5.98 with the intention to buy them back later. Subsequently I watched the stock continue to rise to over $11 and I couldn't believe it....   Today I think

[Winston1]

Xebec is the cheapest stock in this sector, by far. Sure the company has issues with profitability right now, but which company in this sector doesn't? They all do right now, and they're all trading at much much higher valuations than Xebec. The reason is sentiment. Everyone and their mother hates Xebec, but eventually people start to realize that it's been punished enough, the

[ferret_ca]

January 2021 the whole sector was in a parabolical bubble, all of them were grossly overvalued. since then xbc has distinguished itself from the rest by proving incompetence, bad management, and lack of a financially viable plan going forward, they have yet to prove they can make money on an ongoing basis on pretty much any of the projects and I don't see anything that confirms to me that

[tony08]

As usual with Ferret everything but really everything is rotten with Xebec .... This takes away all his credibility.   The fact that the effects of the legacy issues will end very soon, the fact that the $143 M contract will soon be recognized in the quarterly results, the fact that management has said that they will work to improve margins, everything that of course has no chance of

[Gann999]

Is this compared to Anaergia who has proven they can make money on an ongoing basis by going from net income of 141k to 163k to negative 8.26m to negative 9.2m just asking why knock one company but praise another for doing the exact same thing.

[Winston1]

Bashers cherrypick data because they have a purpose to do so. They're either shorting it, bashing it to try to buy in at a lower price even though internet message boards have zero effect on the share price, or they're former disgruntled shareholders who bought high and sold low and are bitter at their mistake, look no further than lupuslupus as an example of that.