Hi Guys,
I have been waiting as this current sell of runs thru the NGW share price.
But for me at ttm (trailing 12 months) P/S of 4 x. Forward P/S with
prior run rate of $20,000,000 is about 3 X.
Just way too under valued. We are at or just near the bottom of this sell off.
And it is time add to my position.
Oh, yes I have not sold one share of my somewhat considerable position
of NGW stock.
Yes, NGW has had a major shift in their market place demand, and some
short term equipment problems.
But management is steering the ship with in the choppy waters of the
current Cannabis market place.
And using their considerable current assets of cash on hand of over
$7 million dollars, in a smart business move in my opinion to enter
their own stores with NGW branded retail Cannabis market.
As their demand shows improvement in sale $$$ over the next couple of
quarters they will easily have generated enough cash to fund the
entry into NGW branded Cannabis retails outlets. And in addition
have enough cash to continue the construction of their new Cannabis
grow facility B.
Buying more as these price levels will not be available for a long
time.
GLTA
