A good long term play

2020年12月1日

Carebook Technologies went public in the beginning of October and raised money at the share price of 2.5 $. They did two acquisitions in a matter of months and they are now more or less out of cash which means they will need to do another financing at some point in the near term. This is not going to be a very detailed idea, but let me outline what I think is very interesting about this company. With the two acquisitions they did, they will be able to generate 16 million $ in revenue a year. They have a 46 million $ market cap (1,5 $ share price), with a newly developed software platform that has the potential to revolutionize some areas of the tele health industry. With the assets (IP) they have and the revenue they can create I think this stock looks overall very cheap. Because of the expected financing in the near term, the share price might not move that much to the upside in the next month or two, but as soon as the financing is sorted out I think there is a reasonable chance this will be a 3-4 $ stock before next summer. I encourage you to look more into their technology before investing but if you have any questions let me know.

- Emil Ramsby Rasmussen

2021年1月11日

注释

Nothing here has changed, but when that is said, it is still a very attractive place to be buying at. I doubled my position at around 1,25 today. This is probably one of those times where people are being over pessimistic or perhaps the company is just not known enough to attract buyers. Either way I'm sitting tight through the pessimism. An investment bank just initiated coverage of CRBK with a price target of 2,75 $ today Monday 11th of January.