Sep. 11 at 1:10 PM
$VRA I’m not concerned. Results were as expected as the company continues its turn-around. If this drops sub 2 it’s a strong buying opportunity IMO- and an overreaction by the market (or people being opportunistic) .
Appreciating the broader market is interpreting indecision in growth…and lack of guidance let’s focus on this:
The company has a Q2 revenue of ~70 million and a MARKET CAP of around 63 million.
Its market cap is UNDER its quarterly revenue. Appreciating this is not full picture - still impactful. I see this is a lower risk position to park money in a market, where many other positions are overvalued with a lot of opportunity for upside as the company turns around… Which I strongly believe that it will.
* opinion only!
