Oct. 23 at 9:31 AM
$DAVE
One year later, price targets are now at the 300+ level.
Investing in turnarounds requires multi-quarter and multi-year patience but when the fundamentals are there and management is aligned and committed to execution, life changing wealth can be created.
You also have to realize that circumstances change. Dave was unownable at 5 but a steal at 30.
Management got it together and then it became one of the best performing stocks of the past 12 months and sustained those levels because the fundamentals supported it.
$TOYO is the exact same. The business was unownable at 3 but is a steal at 7.5.
Management has flagged their 2025 results and their 2026 projections. If they hit those it's a
$50-60 dollar stock just by rerating to a basic industry multiple.
If it hits the higher end because of their growth rate it goes much higher than that just like Dave has.
I averaged up about 60+ times on Dave and am doing the same with Toyo.
Your money, your choices as always.
