Monday, January 25, 2021 12:46:59 PM
CHUC’s annual sales are $22MM, Net Income is NEGATIVE $2.1MM (even worse, last quarter the company lost $6.8MM). Granted, FDA approval should help the top - and bottom - lines. BUT, since two weeks ago, the company’s stock price and overall market cap have gotten completely ridiculous.
For most of the last twelve months, the company’s stock traded at 2 TENTHS of one penny (a market cap of $30-40MM)… which was reasonable… and gave investors at least some potential upside. The Company submitted its PMTA last September… and likely expects an FDA answer by next fall. But now, out of the blue, for no reason other than the fact that pumpers all over this board are talking about a $.50 price target (which is not supported by any analyst report that I can find… and which would equate to a $14 BILLION market cap!) the stock has risen to ridiculous levels.
At today’s price of just over one penny per share, CHUC is valued at $200Million (10 X SALES)! Come on guys. I like the story and the management team at CHUC. A lot. But I know and you know that today’s CHUC stock price makes ZERO sense. Even assuming (optimistically and hopefully) that FDA approval is granted (which is a BIG assumption), CHUC is worth less than $100MM… which means ½ penny ($0.005) is where the stock should be trading! I am NOT short CHUC. I am NOT a basher. I am simply a student of the market who hates to see so many investors duped into buying a stock that is overvalued by more than 100%.
Recent CHUC News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:00:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 10:02:36 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:30:59 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 02:56:14 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/12/2024 09:30:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/04/2023 09:27:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 10:00:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:56:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:54:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:53:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:51:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:43:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/24/2023 09:41:53 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:15:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 08:05:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/30/2023 02:54:19 PM
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