Longed $APPH due to macro fundamentals, food prices going up, supply chains being hit by oil prices. Thus, controlled environment agriculture can be a solution as it can be closer to consumers - reducing traveling of food, requires no fertilizers/pesticides, quality of the product.
The company financial sheet is sound and valuation is good atm, has cash and a PS of 1.21.
Market Cap 394.79M
Income -166.20M
Sales 9.1M
P/S 43.38
Not happy with valuation atm, but I believe fundamentals may increase sales over time.
I have entered with a manageable position as this is the sort of play one may need to stomach a 50% move against the position without "frying the popcorn". If it falls further and I may consider adding. Risk is 1% atm.
The company financial sheet is sound and valuation is good atm, has cash and a PS of 1.21.
Market Cap 394.79M
Income -166.20M
Sales 9.1M
P/S 43.38
Not happy with valuation atm, but I believe fundamentals may increase sales over time.
I have entered with a manageable position as this is the sort of play one may need to stomach a 50% move against the position without "frying the popcorn". If it falls further and I may consider adding. Risk is 1% atm.