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Alias Born | 07/18/2008 |
Sunday, July 02, 2023 11:32:27 AM
it reminds me of dollar store franchises like dollar general, dollar tree - they are all doing well trading at 4x and 6x book value. and now, savers (svv) went public at $4b valuation and svv's book value is not even $1.
labwire is traded at 1.2x book value ($1.2m market cap / $1m book value). given it's early stage and small, it should be trading at 10x easy. it should be traded around $0.08-$0.10.
and when it has like 20 locations or $20m revenue, either dollar general or dollar tree or even savers will buy it out. it's no brainer to me.
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