Followers | 192 |
Posts | 6903 |
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Alias Born | 10/05/2010 |
Tuesday, September 17, 2019 2:42:54 PM
The company has a strong balance sheet with 4x cash & receivables vs Total liabilities. They had 310% Revenue growth YoYQ and 68% Gross Margins, both of which beat most of the industry, and they were profitable in Q2. This is an excellent setup for the "Demand" side of the equation once the "Herd" figures it out.
I have been slowly accumulating shares for a few weeks now even though the Long-Term chart is still in a downtrend. Normally I would wait for the trend to reverse but due to the low trading volume and number of shares I am targeting, I decided to start accumulating prior to the reversal. This way I won't have to chase it later as I think it will move quickly.
In my opinion this is an excellent accumulate and hold stock, as long as you have a medium/long timeline.
All the best,
Knife
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