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Friday, August 26, 2016 11:55:34 AM
At $1.50 per share and 21.9 shares, we've got a market cap of just under $33M.
For reference, LTEA, has a market cap of $35M with just over $2M in revenues in the TTM. I shorted it. Did okay.
Reed's has slowly crept up over $3 per share, from $2.40. I was long from $2.50 but sold too quick. Shareholders wrote an open letter detailing all the issues with the shareholder UNfriendly management.
No matter which metric one applies, we're under-valued.
The only explanation for our low valuation is the market don't believe our numbers. Hopefully, this will correct over time. I'm still of the opinion that we're worth $100M today, or about $4.50 per share.
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