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Re: Gumpstein post# 25678

Tuesday, 02/20/2024 5:16:21 PM

Tuesday, February 20, 2024 5:16:21 PM

Post# of 25790
One thing you will never get from me is false hope. I keep it real and honest, 100% of the time. I will use words like IF, Maybe, Possible, but it will always be used in the context of trying to lay out the pathway for thoughtful conversation. Yes, i get your point/s on why you feel the way you feel. What i do feel good about and why i joined on, is because while this may look like a "Hail Mary", its being done so in a fashion that isnt resting the sole success and comeback of the company on 1 product (weed) or 1 action (drilling for oil). What we are setting up to be and do is methodically searching out, vetting and acquiring companies that meet a strict order of importance:
1. revenues rising
2. EBITDA positive
3. Predictability in forthcoming quarters and years.
We wont try to buy the next hot tech gadget, we arent interested in trying to source the next cure for whatever disease. What we are setting out to do is build a portfolio of diverse businesses that spit out cash flow, allow us to feel comfortable with projections and expectations and mange the common stock is the right manner.
In a perfect world, living in a vacuum, I would love to spend the next 12-18 months, acquiring cash flow positive companies, get to $150-200M in rev, kick off about $25-35M in free cash. That can easily equate to a mkt cap valuation of $175-200M.. Just my opinion on some down and dirty math..