China Food and Beverage Co (CHIF)

[Renegades17]

Interesting comp


AP-QT recently announced an acquisition tied to blockchain. I can't for the life of me figure out exactly what the acquired company does, but it's had an enormously beneficial impact on that stock price. AP-QT now has a market cap of $250mm (wide bid ask spread and very thin despite having 525mm shares outstanding and a float of over 92mm shares).

At this point, if CHIF announces just one decent acquisition (let alone the multiple we're talking about), it's hard to not envision the market cap going over $200mm, which means a low double digit stock price at a minimum.

Food for thought..