You have seen me make all sorts of analogies of how DKAM is the ONLY stock in the known universe that the world is ignoring future growth in lieu of what has happened or what might happen or whatever misconception can be attached to the CEO's resume today. While everyone tries to compare this company to every $100 stock out there in the slightest hint of bad news being the end of the world there are hundreds of other stocks that go up on far worse news. It's just the way the market works.
But since we're so intent on comparing apples to apples let's take a look at one in particular. I've just been made aware of this EHMI. I'm not advocating the stock. I could care less about it. But here is what is fascinating.
Two years ago, the stock had $318K in annual sales. Those sales have declined to 90K in the past year. The last three quarters? Sales of $9000, $3000, and $5000. You gotta like that huh baby? A 71% decrease in sales versus a 63% decrease for DKAM.
Two years ago, the Outstanding Shares were 39 mil. The OS shares now? Oh, just 77 million. Virtually a 100% dilution rate.
Profits? Yeah right. Losses from 18 cents down to 8 cents. Yeah! Because they doubled the shares!
Sales outlook. None.
Cash? $25K and only $46K in assets.
Oh, just one more thing.
The stock came off an all time low 5 months ago of 3 cents and is right now setting 52 week highs at .27. The market cap is now MORE THAN DOUBLE that of DKAM.
This therefore in my opinion completely negates any of the negative comments here that this price on DKAM is going nowhere. The deals they've done have killed the company. The sales will never be enough. And on and on.
An 800% move on this other one proves that it doesn't matter how bad things get, the stock can always go higher for absolutely no reason. And that NO reason event is coming for Drinks for all the right reasons.
