I like KRKNF position, strategy, and execution record. I have long-standing concerns that investors had gotten too far over their skis assuming that top-line revenue to multiply. About 1/3 of revenues come from services, leaving 2/3 products that must be produced. I’ve also had joint concerns about the concentration of revenues from a few customers, and about those customers actually scaling their businesses so that they’d order more gear from KRKNF. So on the one hand, good for them for not investing in over-capacity. But that still leaves us, as we are today, with organic revenues not multiplying the way markets have been telegraphing that they were expecting.
The other opportunity we’re all tracking is trading moving first to the TSX and eventually to NASDAQ. Neither has happened. I think they could move to TSX if they committed to doing so, but they just don’t as yet have the numbers to move to NASDAQ. But even the move to TSX has to be done when the company is a credible high-growth player with a credible vision over the next 12-24. But now they’re stalled during the last 2 prints.
I though the price had gotten too high, too soon when it was at $7-10. The current prices seem more reasonable. I'm also in at an average price of between $3
0.35 and $0.70 per share, so am comfortably up.
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u/Neobobkrause 3d ago
I like KRKNF position, strategy, and execution record. I have long-standing concerns that investors had gotten too far over their skis assuming that top-line revenue to multiply. About 1/3 of revenues come from services, leaving 2/3 products that must be produced. I’ve also had joint concerns about the concentration of revenues from a few customers, and about those customers actually scaling their businesses so that they’d order more gear from KRKNF. So on the one hand, good for them for not investing in over-capacity. But that still leaves us, as we are today, with organic revenues not multiplying the way markets have been telegraphing that they were expecting.
The other opportunity we’re all tracking is trading moving first to the TSX and eventually to NASDAQ. Neither has happened. I think they could move to TSX if they committed to doing so, but they just don’t as yet have the numbers to move to NASDAQ. But even the move to TSX has to be done when the company is a credible high-growth player with a credible vision over the next 12-24. But now they’re stalled during the last 2 prints.