JWEL !!

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Hi, sorry to bugging you again with this stock but I need your advice again …. Do you think this stock will drop at the price before march ? Actually it’s going down rapidly and I’m asking myself if there is a reason !
Thanks

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Asked on November 18, 2020 2:37 pm
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Thanks, Was long on this one but not sure anymore !

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Posted by Richard Turcotte
Answered on November 18, 2020 3:05 pm
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Company just reported earnings in which it increased revenue by 19.2%, EBITDA (Earnings before interest, taxes, depreciation, and amortization) was up 18.2% and adjusted net income increased 33%.

The company actually stated it saw 82% growth in their international business.

Now, the stock IS expensive. It's trading at a 15% premium to what it has historically traded at in terms of forward price to earnings over the last half decade.

There is a massive (and somewhat unwarranted) shift out of health and material companies right now due to vaccine news.

Although never impossible, I cannot see JWEL touching March lows.

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Posted by Dan Kent
Answered on November 18, 2020 3:01 pm