Q: Hi gang,
Your thoughts on happy belly. Would you be a buyer for a long term. What would be a good entry point?
Thanks. Alnoor
Your thoughts on happy belly. Would you be a buyer for a long term. What would be a good entry point?
Thanks. Alnoor
5i Research Answer:
Right now it is a very expensive stock, but growing. We would like to see higher cash flow and positive earnings, or course. It is also a stock that gets a lot of chatter on forums and with promoters online. This makes us cautious in general. We are not sure its mish-mash of assets deserves an 11X price/sales multiple just yet. Insiders own 11% and have been net buyers this year. We do not hate it, and the stock has done well, but we do not see a big moat here and it is very expensive, and higher risk.