Hey Nerds: Blockchain
- Thread starter zeke
- Start date
Preston
MBow30 alt account
Yeah they said they expect the acquisitions would add about 5m and 1m adjusted ebitda annually so pro-forma may be something like 4.5m in revs and 550m in ebidta. Mucho better for sure. The cash position and lack of debt is their knight and shining armor.
$148m market cap currently so a lotta growth is priced in but it's fair enough compared to their peers in the sector.
$148m market cap currently so a lotta growth is priced in but it's fair enough compared to their peers in the sector.
Preston
MBow30 alt account
This is how hot this sector is:
www.globenewswire.com
These guys have a $400m market cap, though their guidance for 2021 is about double Short Handed Goal's. Either way, feels crazy.
CloudMD Reports Record Revenue of $3.4 Million in Q3 2020
Recent Acquisitions Driving Annualized Revenue Run Rate of $35 Million Significant growth and expansion, announcing seven acquisitions during the quarter...
These guys have a $400m market cap, though their guidance for 2021 is about double Short Handed Goal's. Either way, feels crazy.
CH1
The Artist Formerly Known as chiggins.
This is how hot this sector is:
CloudMD Reports Record Revenue of $3.4 Million in Q3 2020
Recent Acquisitions Driving Annualized Revenue Run Rate of $35 Million Significant growth and expansion, announcing seven acquisitions during the quarter...
These guys have a $400m market cap, though their guidance for 2021 is about double Short Handed Goal's. Either way, feels crazy.
I'm glad you brought that one up -- I followed it for a while and lost track of it.
I got in at the height of Covid fears in March.....got in at .55; got out at .55. Obviously I was too impatient. But it was in a prime pandemic sector, yet did not budge until August.
A few advantages over CBII;
It got a lot more hype early on
it helps that it's on the TSX venture exchange rather than CSE. (SHG will make the jump soon)
And their name tells you what the company is, while CBII was (and still is) lumped in with pot stocks. Again the name change will help out.
Still, that stock hasn't performed as well as CBII, or most of the pot stocks I ended up buying instead. So zero regrets.
Preston
MBow30 alt account
Tinley fires off earnings! Not very important considering where they're at. But I'm glad they met their deadline. $50 million dollar company I believe but they appear to be positioned to finally actually make money. I have such a soft spot for them and anyone that balls deeps bevvies.
LeafOfFaith
Well-known member
Yeah, they were saying this on Saturday. I've been reading about where people expect the price to land and there's no consensus other than north of $40. Seems like the conservative types expect $45 and the aggressive types think $50.
I've been trying to think about when in the past an acquisition was announced that undershot the expectations. Like, my near-term concern here is that they announce that it's for $38 or some shit like that. I guess as long as it's above $40, whatever. It's not a home run for me at $50 either. Only way to lose is if the deal falls apart and it tanks, but it doesn't seem that's in the cards.
I was thinking over the weekend that it's too bad Slack has some sort of blood feud with Microsoft, or those guys swooping in and turning it into a bidding war might've yielded a nice result of $55 or $60.
You know you're disappointed when you're more bummed about the tax bill (I'd need to hold for 6 more months to get capital gains treatment) than the buyout premium. Holding to get taxed less increases the risk of having it fall apart in those 6 months. Better than MSFT eating it alive though.
