Cemi is low float outstanding and is a trade as fa
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Posted On: 07/05/2020 1:21:52 PM
Re: OrlandoJohn #18017
Cemi is low float outstanding and is a trade as far as I’m concerned. That is how I will handle it. I may sell out tomorrow with a big enough more, or may hold until Tuesday to see what the covid update and preliminary revenues are.
Cydy can be a longer term hold. However they have a large float of 520M shares, so a $10 share price is a $5.2B market cap. The ceo was speculating triple digit or even 4 digit price. That is totally unrealistic and should not have been said IMO. $100 stock would be a $52B market cap. How many pharma companies have that, and revenues whereas CYDY does not yet. Pfizer has a market cap of $191B and $520B earnings. Is CYDY worth 25% Pfizer market cap? Maybe in the future but certai not now. IMO
Cydy can be a longer term hold. However they have a large float of 520M shares, so a $10 share price is a $5.2B market cap. The ceo was speculating triple digit or even 4 digit price. That is totally unrealistic and should not have been said IMO. $100 stock would be a $52B market cap. How many pharma companies have that, and revenues whereas CYDY does not yet. Pfizer has a market cap of $191B and $520B earnings. Is CYDY worth 25% Pfizer market cap? Maybe in the future but certai not now. IMO
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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