VERY

0
0

Looking for your thought on VERY since it was uplisted to the venture and now i think close to 50% off its high. Do you think it is still overvalued at this point?

Marked as spam
Asked on March 28, 2021 2:35 pm
0 views
0
Private answer

Hi there,

It certainly looks more attractive then it once was. I wouldn't come and and say it is cheap at 107 times sales and even if it more than doubles revenue to $10M annually, that is a price to forward sales ratio of around 40. For a food stock that is very expensive. Especially when one considers are typically lower for these types of stocks.

I liked the company until they started aggressively paying for promotion of the stock and several influencers made out like bandits pumping the stock when it was on the CSE. It was so bad, the company had to issue a statement after the regulators stepped in.

Not saying its a bad company - but still hard to justify these valuations. Of note, we tried one of their meat boxes - good product. My wife loves it actually and for me it was ok - but i had nothing to compare it too as it was my first time trying alt-meat products. So I'd say the positive reviews on their prodcuts are legit, which is a good thing

Mat

Marked as spam
Posted by Mathieu Litalien
Answered on March 29, 2021 4:32 am