How about when it was .01, was that an accurate portrayal? .05?
IMO not enough people know of this stock to buy it up to the proper valuation of the Snakes sub, yet. We are only trading about 2-3X forward revenues. They had $2m+ in distribution orders last Q alone, not including the Snakes locations. Those 2 orders were more than the TOTAL previous quarters revs, which was a record Q.... and #3 is about to open...
Dont confuse NORMAL consolidation for fair value. The trend is still up. IMO Snakes is worth 9 figures, easily. Its a first class biz trading for a discount... In the future, when you look back at this point in time, it will be similar to looking back at the consolidation at .02. Do you even think about it anymore?
All massive growth trends have periods of rest. Its part of the markets. Gotta stay focused on the overall picture to hit the fattest gains... If you are looking for more volatility, check out some micro cap subbers while this one gets ready for the next leg. AMFE is not like those types of stocks anymore. Its a medium risk growth play, not a high risk startup.
I see Sykes' name get dropped a lot around here. Probably because he's made a lot of money doing what he is doing. Great for him, but from what i can tell, he is a different type of investor than many here who are long and strong. So i don't really put as much value into anything he might say.
I believe in $AMFE and Roger, and quite frankly i love the transparent communication and frequent PRs.
Tim Sykes is a trader - this is a real company that provides services to people-it is not just 'gaming the system' like a trader- although AMFE in fact does provide games! And in fact it very very good at doing so! I am not trying to judge Tim Sykes but he doesn't have any comparisons to AMFE in my opinion...