LT Owner since IPO...Its been terrific ride. I do have concerns post the numbers release next week. I have all the confidence that the numbers will be off the charts good. I do have two concerns..
1- Just like KGN and TPW...both stocks got hit after releasing terrific numbers 2- RBL is a very CONSERVATIVE company when it discusses numbers, especially as it relates to forecast. I would not be surprised if the company will NOT provide guidance for the next quarter or half year. Also, with a new CEO just starting, they may not want to put that monkey on his back day one. Analyst/market will view this as a slight negative about the future outlook for RBL.
As previously discussed, RBL is far more then a COVID play. The shift to e commerce globally has been a "once in a lifetime" move. Things were trending that way, but these last nine months have seen e-commerce explode.This trend is here to stay
I love this stock...easy $10 SP by winter. May re load for the first time since IPO if it gets below 5 on the possible sell off post earnings ST SELL...LT POSITIVE
RBL Price at posting:
$6.91 Sentiment: Hold Disclosure: Held
