Kona Gold Beverage Inc (KGKG)

[stockvaper]

Just pointing out some facts.
I'll start by saying I am long with a significant position in KGKG. I don't flip, I only hold long term unless fundamentals change significantly.
While I agree KGKG is growing explosively and the future looks extremely good, I don't think the stock is undervalued for it's current status. The only reason being is that KG hasn't reported a profit yet. That should change with next quarter.
Keep in mind that "multiples" used in PE ratios are based on Price divided by Earnings. Earnings are all revenues (sales) minus the cost of sales, operating expenses, and taxes, over a given period of time (usually a quarter or a year).
That being said, I believe this company is growing so rapidly, and with new pleasant surprises all the time, that the price will soon be undervalued. Certainly this year at their present rate. I'm personally buying what I can as dips occur. The current overvalue/undervalue question will be forgotten in a year or two when KG will probably be IMO worth many many times more than it's price today.
GLTA longs.