Maybe that's the reason DTEA refused to talk about it that day, but with/without CBD, it worth not less than $640m, based on purchase prices Unilever paid past year for 2 Tea Makers Companies which had worse balance sheet.they paid 4 times revenues per estimations, $160m for Pukka which did only $40m, DTEA doing X4, and has no competition in Canada. Company doing X10 revenues than TLRY, Net Assets X3, Cash on Hand X2. Every economist will confirm based on current Net Assets that share price is higly undervalued.
just hired 2 people who work and are directors of Cannabis Company, and CEO commented past earnings a month ago:
Herschel Segal: "we have made adjustments at head office to change our operations and our culture. We are building a strong team and we have put more senior leaders in buying, marketing and product development. We are also paying more attention to our costs. As well, we are ready to find a CEO who will enthusiastically adapt to the DAVIDsTEA environment, lead with a realistic optimism and bring vision that will be refined and further developed with the senior executive team and the company's board".
Owner avg. purchase price is $21.4 and still holding all. There is a solid reason why. he is waiting the bid deal. Im holding for $20-$25/sh the long term. Days will tell.
Btw, you own shares, long/short or just hoping to get some on better price?
My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.
AI
