loss of $21 million on $4 million in sales........................shares issued all year long and even at 2013 year end AT 3.5 CENTS- how do you longs like THAT one??????????? And it's trading at 58 cents????
Profit margin nearly CUT IN HALF- 17% (2013) vs. 29% (2012)- now THAT'S a good trend to keep up- and it's ONLY GOING TO GET WORSE as more hydro retailers enter the market!!! PHOT said it themselves in the 10K- it was their retail competition forcing them to sell cheaper! THAT will not get any better.
I could go on and on- but no need.
Put your cash in MJNA- profits NOT losses- and waaaaaaaaaaaaay more diversified income streams...........or if you're risky- RFMK- it's an MCIG and VAPE combined and still an unknown, and actually HAS revenue, inventory and some revolutionary new products hitting the market at any moment.
and NO- I'm not a short- would NEVER buy this stock- too much froth holding it up and too much risk to the downside based on numbers like today's. PHOT is only on my MJ market watch list to measure the market "euphoria" factor because the financials have never looked goo for PHOT.
I'm just a REALIST with a lot of business and investment experience............................sorry folks- it is what it is, and I guess we'll see what in tomorrow's trading.
Sentiment: Strong Sell
Sub7878toad - this is not about a great looking 10K ...... its not about a great income statement.......it about potential. The price of the stock is currently built on potential.....nothing less and nothing more. The risk is high.....yes.......no doubt about it.......but the potential of the company is getting increasingly better. The story is a good one - the market is a good one - buy more PHOT.
100x sales and losing 20 mil a yr. tough to find a comp for that one. Don't forget they can dilute everyone w/ no notice a few times over; that's likely how they're going to get the cash they need to lose more money.
yeah explain twitters huge $46 valuation... lol!!!
the stock market is a different game. it's about investing in the future. 2014 numbers not even included and thats where the real money started coming in!!
Yeah... and Amazon is making a large profit too... wait... no... it's just the opposite... Amazon hasn't see a penny of profit since inception... but they trade at what? $350 a share? weird...
Sentiment: Strong Buy
until you run out of money to spend- the situation is unsustainable.....unless you like PHOT to keep seeling more shares at 3 CENTS to until they run out of those too.
C'mon dude- really? you REALLY think this company can reverse all of these negative numbers that KEEP getting worse? Is it ever going to show a profit with these metrics?
Think about it........