Monday, May 24, 2021 12:45:44 PM
As to this...
I think all too many seek the big run that came before and seems so assured now. I can only say that the "big run" in 2014 was based on nothing but manipulation assisted by emotion. There was no news, no pending or substantial catalysts expected. While I hate to say it, the run up was based on nothing but FOMO and FOLO. However, the Elite of today is very different. Elite is profitable and, irrespective of the revenue totals for Q4, will likely be profitable for FY 2021. Their financial ratios are very good and, in some cases better than industry averages. They do not hold onerous debt. I could not care less what traders or investors do. I could not care less for technical analysis when it does not play itself out with a company on the OTC, because of the manipulation. In fact, we once had an excellent technical analyst on the board who gave up because of the games played. So, I do not fall for the tricks or the noise. I focus on the business, keeping in mind what a notable pharma/biotech writer (not me) said about the very situation we investors find with Elite, a profitable company that does not get the requisite love...
From a business executive's perspective, Elite is a deleveraged investment because the company is now using revenues generated from commercialized products to power further pipeline development. At some point, I have no idea when, this reality will set in and the p/s will move up. Until then or the company engages in an M&A, as an experienced strategist, I will wait it out. And, most assuredly, I will not worry if the p/s moves 10% because we are talking about small numbers. On that, this should help and, if not, I would suggest there is nothing more I can say.
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