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15:57
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Originally posted by no vice:
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In theory that sounds great. Revenue of 165 million values the company at 825 million using a very conservative 5 times gross earnings valuation. Based on that, the current SP should be circa 7.80 dollars. Problem is the market is full of dim wits and morons. I say this based on 25 years equities investing. One current example is Web jet trading at around 6.00 dollars. During the covid down turn they had a huge capital raise that led to massive dilution. The current SP is not even remotely supported by fundamentals. The same crowd and the same mentality determine PIQ's valuation.
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The problem is that the revenue is theoretical. I'm a big believer in PIQ but can't really expect the share price to raise to those levels until they have the revenue to support it.
(20min delay)