Unfortunate timing on this, with the W2V 4C coming out today.
However, you mentioned "stocks" in the plural and only came up with W2C, so I was a bit disappointed to see a list of one, and one that I'd already run my eye over and rejected.
W2V collects VAT receipts that were missed companies and is an attempt to suck up all the loose change that was available. That business model looks really weak because changes to government regulation such as a simplification of the VAT system could wipe that business out in a heartbeat. There will also be some companies where the opportunity is significant and others where there is not, which means that revenue streams are also going to be highly uncertain, and the size of the market limited. Obviously if they remain small they'll continue under the radar, but if they grow they'll come under attack.
W2V got hit on revenue this quarter and now needs a CR. It is also a long way from profitability (YTD - 9 month cash receipts = $2.4 M, Costs $6.4 M) and the cash position is just 427k. It seems to me that there are good reasons for the lower ratios on this stock.
With all due respect, I'm not sure you've made a convincing argument about other companies being much cheaper than AL3.
AL3 Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held
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