.20's in 2017 imo... If some of these MJ plays with no cash, no revenue, massive debt/losses, non competitive/overhyped products, shady insiders, etc can run to hundreds of millions, imo AMFE can surely see $100,000,000
This is one of, if not the most healthy MJ play at this valuation level++ ... Even if Grozone isn't a hit with growers, there are 2 profitable subs that makes the risk little to none imo.
GROzone isn't even factored into this valuation... So it can only help us, not hurt.
There are small chain restaurants that dont do this well (per location) on the Big Boards and they trade for hundreds of millions... Snakes does so well, they've knocked down walls and changed locations to gain more size and it fills right up! Both locations... People complain online that its always packed and they cant get seating. Thats good for us investors!.. How do you solve this problem? You expand!
These guys know what they are doing. This is not a short term fad, they've been growing this brand for 6-7 years... and the reason WHY they went public (via AMFE last year) is because they want to expand at a faster pace to serve the DEMAND...
I trust them when they say they have Franchise interest. Why wouldn't they, when they can expand their size/locations and they fill up?... and by collecting $$$ for the game playing time, along with selling games, food, alcohol, coffee, hosting tournaments/events, etc, it significantly adds to the amount that a casual restaurant/bar/cafe makes per customer/seat. This is why each location is doing so well and people are asking for a franchise in other major cities. Makes sense, right?
I dont know everything about this company, but what ive seen through my DD is that there is REAL potential here and its worth a lot more than what the market is valuing it, just for the Snakes sub.
Most just have not done the amount of DD it takes to see all the hidden goodies in each subsidiary... and the name Snakes & Lattes/Lagers can throw some investors off, like it did for me initially... but the savvy investor that takes the time will see the value, easily. As interest grows from savvy investors, the float will tighten and these prices will be gone forever imo.
Its a no brainer for them to expand. Its like printing money, as long as they are savvy about LOCATION. Watch this Snakes video. How to Snakes: Location:
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