Same here.. these low volume days are opportunities.. though I feel the frustration too but it’s short term..
To repeat myself and share a JK quote when I asked about what’s the bigger picture come Sept/Oct? 8 weeks away!
“You know I inherently believe we should be a .05-.07 stock right now”
My take - why would CEO, who knows everything about the company say that.
So right now, working backwards from his statement, JK values VXIT at 144m MC (just say 2.4b x .06) so I was ready that “household products / consumer goods” trade at avg of 17.5x multiple (of revenue). I forget it was that EBITDA or Price to Earnings idk the official term/ratio.
So if we take 144m MC and divide by the 17x market multiple of current consumer goods (assuming household goods sector but really some overlap here)
We get 144m/17x multiple = 8m in future revenue (contracts, sales, etc etc)
This doesn’t mean it can’t be volatile around a “fair” valuation but that number seems very very attainable!
This is my “theory” I’m def no financial expert and may be interpreting the example on valuation to try and unpack JK’s .05-.07 cents comment about CURRENT value.. idk
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