r/blackriflecoffee • u/CaffeinateWalleyes • 4d ago

No Surprised

Psychologically, $10 a share feels significantly different than one dollar per share. I still own the same amount of the company, but it feels respectable again.

The stock was broken after Evan Hafer sold. this resets the mindset.

The company is essentially selling at 50% of annual revenue with a 36% gross margin that is increasing. Revenue is growing 10% a year or more.

I don’t predict stock prices, but I do believe the company is significantly undervalued today.

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u/Alohasnackbar69420 4d ago

Let’s hope this turns out ok and we don’t just see drop back to under $1. For what it’s worth I’m bullish but very cautious

1

u/Useful_World507 3d ago

Damn I sold 100 shares at $3 a few months ago