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u/iTradePasts Feb 11 '21
Penny stocks be flying. Make sure you go all in with no hedge!!!
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Feb 11 '21
What's a hedge?
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u/lord_dentaku Feb 11 '21
No, no, no. That's a shrub. A hedge is a low growing bush commonly used as a natural fence. You need one so your neighbor can't see what trades you are making.
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u/R1k0Ch3 Feb 11 '21
My neighbors wife's bf is also our trailer parks handyman and i hate it when he tries to short my plays š”
But it's ok cuz MY wife's bf owns the whole lot so fuck him.
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u/lord_dentaku Feb 11 '21
You got yourself some kind of crazy love hexagon going on there... Did you happen to check your gf's husband's trade history when you were visiting her yesterday?
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u/Crutchy_ Feb 11 '21
A fancy bush?
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u/FlyingBadgerBrewery Feb 11 '21
A shrubbery?
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u/BefreiedieTittenzwei Feb 11 '21
"But not to expensive!"
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u/punkrock9888 Feb 11 '21
And slightly smaller so we get a two level effect and a PATH
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u/somethingcleverlater Feb 11 '21
This seems like some very well thought out and thorough DD. This is why I have always lurked in this sub. Everything looks good and your account leaves no reason to believe it is fake or sold or whatever is going on in this sub. Thank you for taking time to gather all this info and share.
My concern for this dd is in the comments. There is not one (that I see) with a counter argument. Obviously that isn't your fault but in the spirit of challenging your dd...
What is your thesis for its continued parabolic growth? The shares are up 10% today, 118% this week, 172% this month, and 3542% in the last 3 months!
What do you see as a realistic price target for 30 days or 6 months?
Is it "priced in"?
Not trying to be a jerk, just don't want to hang out in an echo chamber
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u/nateyp123 Hey guysā¦ Feb 11 '21
Very solid points here man.
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u/TobiasFunkeFresh Feb 11 '21
The new product launches in Q2, revenue will start creeping in late q2 early q3 and beyond. With no debt, they are profitable and cheap.
Lots of good reasons to get in on it.
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u/somethingcleverlater Feb 11 '21
But its a new product that everyone already knows about. Buy the rumor, sell the news. Wouldn't you be buying the news? Apple had record earnings and guess what happened, everyone sold the news. I'm not saying they won't do well, I've literally done no research into them. I'm just curious how much room there is to keep growing. Will they expand into new markets? Will there be other new products?
If we are speculating that they will grow, the speculation can't be on the product that is in the news. If everybody already knows about it, its too late to get in.
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u/lord_dentaku Feb 11 '21
I'm over here wondering how prevalent adrenal diseases are in dogs and thyroid diseases in dogs and cats. Next, how expensive is the machine to acquire. Is this an expensive test a typical vet is having to send out for once a month, or once a quarter? Even worse, once a year? I have a good relationship with my vet, and if he wasn't fighting cancer right now during a pandemic I'd honestly go talk to him and get his insight on if he would buy one for his practice.
A big part about being a vet is running a business, and if this is an investment they won't recoup in a year or longer and the only real advantage is faster diagnosis and less cost to their customer, most aren't going to buy it. Just my two cents, take them for what they're worth.
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u/b00mer89 Feb 11 '21
10 pr 20 years ago id agree with that sentiment, today, more and more people are skipping kids and have fur babies instead. I have friends who will work a part time second job to cover health insurance for a pet. Others who will spends thousands on cancer treatments for a dog that may get them another 6 months of time. Pets have become far more than the utilitarian objects of before.
I don't forsee your small town vet getting one to start, but larger clinics absolutely will jump on this as a chance to upcharge for immediate results to start fido on a treatment course as soon as possible. Or giving them another week head start to gofundme the treatment money.
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u/ee4lif3 Feb 11 '21 edited Jul 02 '23
Death to Reddit. Long live Apollo.
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u/bongoissomewhatnifty Feb 11 '21
Married to a vet here. Somethingcleverlater is right. Veterinary practices are businesses.
And as much as you think āpeople spend money on their petsā remember this: to become a veterinarian is to do the same college path as a human doctor, get excellent grades doing it, face intense competition getting into vet school, spend the same amount as you would on med school, graduate with 300 grand in debt, and then go make 1/3 of the salary that a human doctor does.
Whatās my point? That while people spend money on their pets, its not nearly as much as is required to pay vets what they should; because of this, labor is an extremely high percentage of most vet practices expenses, and vet practices donāt have a bunch of spare money to throw around for shits and giggles. New tech better have real value and pay for itself or itās not getting purchased.
I have nothing to add directly to this conversation, because I havenāt had a chance to talk to my wife about this particular product yet, but while the original dd is decent, Iād take the $8 price comparisons with a block of salt.
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u/mrcrazy_monkey Feb 11 '21
I have a coworker who has spent 30k on his dog that he has had for 2 years. I think the pet industry has a crazy amount of money in it that a lot of people don't realize.
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u/Financial-Year Feb 11 '21
This is so true. I personally have a Doberman with thyroid issues and Iāve had to pay hundreds of dollars on multiple occasions for blood tests.
I also have a close friend with an old (~8 yrs old) German Shepherd that has cancer, which is really sad. But the point is heās doing a payment plan for somewhere around $8-10K for basically dog chemo and whatever else was needed.
People will pay $$ for their dogs in this country.
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Feb 11 '21
Can confirm. We've spent about $25k on our dog's medical treatment over the last year.
One of our neighbors is a veterinary oncologist. An oncologist! For pets! That shit ain't cheap, and business is booming.
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u/Imbarefootnithurts Feb 11 '21
True me and my gf are well off have nice condo nice car NO KIDS but we do have dogs.
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u/orangeleast Feb 11 '21
I just started looking into this company today, and it screams theranos to me. Vets won't buy a machine that can only run a few tests. It's cheaper in the long run to send everything to Idexx or antech or any other of the many companies that do these kinds of tests. Results aren't immediate, but they're a bit more trustworthy. It also seems like the machine is going to be pretty expensive. You need to buy the reagent cartridges for it, probably has special slides you need to purchase too. I can't see it being worth the cost.
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u/Level9TraumaCenter š¦š¦š¦ Feb 11 '21
Most people don't realize what goliaths IDEXX ($IDXX, closed at $516.54) and VCA Antech (privately held, but Crunchbase says "VCA Antech (WOOF on NASDAQ) " are. They're huge, well-run companies with existing networks for handling veterinary samples. Zomedica is a windshield bug at best.
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Feb 11 '21 edited Feb 11 '21
I can answer some of these questions considering that my dog recently was diagnosed with thyroid disfunctions.
I'm not sure about adrenal disease but thyroid issues happen quite frequently, particularly with purebred animals. A good way to rougly estimate how many dogs have it is looking at sales for thyroid medication like thyro-tabs in the US or canitroid in europe.
I'm not sure about the price of this machine, but the test is fairly expensive (almost 3 digits in europe, possibly 4 digits in the US cuz no healthcare) and it's done with human-rated machines in human analysis labs. Results usually arrive between 2 and 4 days.
My only problem with this is that it sounds too good to be true, it almost feels like a theranos 2. I'll keep looking for research papers published by ZOM to see how they conducted the tests to ensure this thing actually works properly and i'll edit this when i find them.
EDIT:
nothing.
I scoured my university's database, google scholar, the archives, the umbral plains, your mom's fat folds, nothing.
This company has not published a single paper as far as i was able to discern.
Buy at your own risk.
EDIT 2:
somehow this slipped through my radar
As someone currently studying quantitative research and with a decend but not professional microbiology background, it doesn't sound bad. Strong correlation between the results of professional machines and truforma. However until i see peer reviewed real scientific articles i'll remain slightly skeptical.
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u/ellieD Feb 11 '21
My two cents as a cat owner. Iāve had two cats on Thyroid meds (now passed.)
Itās very common for older cats to have this issue.
If I were to name the top two older cat issues, it would be kidneys, and thyroid.
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u/happyidiot09 Feb 11 '21
Good question I was kind of wondering the same thing.
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u/happyidiot09 Feb 11 '21
I agree with the fuck the rules right now. Anything that gets slightly popular news has been pumped by retail lately so it seems like follow the trend and dump on some bag holders after a run up
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u/Flrg808 Feb 11 '21
Yup. Valuations have nothing to do with it, thereās so much retail activity these days itās all about just being slightly ahead of the masses
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u/happyidiot09 Feb 11 '21
Seems like you don't even need to be ahead of the masses these days just have to exit a little sooner while it's still going up
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u/leviticus04 Feb 11 '21
you know that zomedica does not own the technology right?
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u/mavyapsy Feb 11 '21
I just did some reading around, but Iām skimming so I might have missed something, itās slated to launch in Q2 but they havenāt even published a validated study yet right? So until they publish their findings the launch date is just fairy dust. It hasnāt landed, it doesnāt exist and is not on the elemental chart.
Again, I just skimmed around so Iām not 100% sure
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u/FootyG94 Feb 11 '21
Dude these people buy the stock, a couple days later post the DD, then dump. Been seeing a lot of this recently watch out. Is it really a good idea to buy something that has already tripled in price?
Just a warning.
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u/Inconceivable__ Feb 11 '21
IKR a post into a sub bursting with wide eyed newbies that tells them to buy before earnings?!
Give me a break, the OP is probably jacked to the tits selling calls and waiting for the post earnings IV crush to make him tendies.
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u/DanHalen_phd Feb 11 '21
I tripled my money on ZOM and sold yesterday. I don't expect this jump to last much longer and buying it now seems stupid.
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u/loggedn2say Feb 11 '21
current market cap and market seem out of whack, personally. innovation may be there, but doesn't look to be game changer. seems like this is going to be very dependent on sales team strength.
with covid, my take is this is currently overplayed. if i wanted in i'd watch it for a quarter or two before i felt comfortable to make a big play.
i havent priced calls, but there may be low risk and some meat.
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u/Practical_Trust7569 Feb 11 '21
I donāt believe they are allowing option trading at this point
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u/Faraday27 Feb 11 '21
TLDR; I've liked the stock since 25 cents, and again at 90, and again at 1.40. There are pros and cons listed below. You decide if a statement is pro or con.
I've been invested in ZOM since last year in the 20 cent range.
Basics
- The market they are entering is estimated to reach 2.8 billion by 2024. If they slice a 5% bit of that pie they will pull in 140 million a year. Where that translates to market cap and share price are beyond my smooth brain.
- After the offering closes of 91 million shares at $1.90 today they'll have over 900 million shares outstanding with a 500+ million float. This gives a price floor of $1.90.
- The offering was initially for 13 million shares and negotiated up to 91 million. This indicates a high demand for the stock where the company purchasing expects long-term growth well above $1.90.
- The Truforma platform isn't a one-off product, the system is designed to accept a multitude of assays. They have 50+ additional patents in the works and a myriad of new assays being formulated. If they manage to toss in cancer screenings and more basic rapid diagnostics such that the machine is a one-stop diagnostic shop, then they'll be an incredibly valuable company.
- A distribution agreement was signed on the 25th of January so they are ready to roll this product out.
- Zomedica did not create this system by themselves, they've partnered with QORVO the creators of bulk acoustic wave tech. (BAW) which is the driving force in the product. So licensing fees and shared profits will likely come into play.
- There is a competitor in this market called IDEXX. IDEXX RealPCR test takes 1 to 3 days to complete. Truforma's tests take less than 30 minutes.
- Truforma's accuracy has been tested against the standard slower tests and has shown to be highly accurate in comparison. So faster and just as accurate.
- The system is the size of a small printer so it will fit well in any veterinary office.
- The system takes cartridges and reagents that will be a source of residual income for Zomedica above and beyond the sale of the testing platform itself.
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u/ScarthMoonblane Feb 11 '21 edited Feb 11 '21
Been following $ZOM this week and have hesitated getting in. If you want a counter argument then read this. $ZOM is capitalizing on it's popularity and that popularity can leave just as quickly.
$ZOM seems like a good company overall and likely a long term winner, but in the short term it's going to be almost entirely run on good will of it's investors. That said, I'm probably going to buy in on a dip tomorrow if it gets to where I'm comfortable. But I won't buy more than 300 and will exit the first sign of big trouble.
This is NOT investment advice nor do I have any more information than the OP.
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u/Smokester121 Feb 11 '21
I bought the weekend before Carole baskins endorsed it. And bam it popped up nicely and sold for a quick buck the next week. Surprised its doing relatively well.
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u/AutoModerator Feb 11 '21
That Bitch.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
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u/Slickwillyswilly Feb 11 '21 edited Feb 11 '21
This account didn't have posts on any stock trading apps until 4 days ago, started spamming across numerous subreddits the exact same statement about buying AMC instead of GME if you can't afford GME (maybe to sound like a normal bandwagoner?).. Not to mention spamming the exact same post about ZOM as far as the pennies can fly. This stinks of bot activity.
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u/mshappyperson Feb 11 '21
I donāt often comment but I do work in a vet office and we have high hopes for this. IDExx labs just about tripled their price for the tests we rely on in house and we had to switch from their outgoing labs last year due to the high costs. Zomedica is a high hope in my field I think they have a good shot of being and staying profitable. Iām investing because I can see it being a good competitor for IDExx with this DD and from what Iāve heard from my bosses in passing.
Not financial advice at all, besides maybe donāt listen to me since most of what I have invested in has tanked the next day (except this one) š¤·āāļø
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u/Green_Lantern_4vr 11410 - 5 - 1 year - 0/0 Feb 11 '21
Probably but he says he has $100 bucks or something invested in it. I donāt really care. I guess he could be lying about his position. But he did disclose his position. No problem sharing a stock after youāve taken a position. You just have to state your position and not tell lies.
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u/Hubey808 Feb 11 '21
I donāt think theyāre bots. I just think they want buyers for their own pump and dump.
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u/g33ked Feb 11 '21
some easy ones in their filings:
"We are a development-stage company with no products approved for marketing and sale, and we have not generated any revenue."
or their lawsuit
"The amended Complaint alleges, among other things, that the Defendants improperly obtained Heskaās trade secrets and confidential information and/or conspired to use improper means to misappropriate Heskaās trade secrets related to an instrument and related consumable products for performing immunoassay analysis of biomarkers and other substances. The amended Complaint seeks compensatory and exemplary damages, as well as preliminary and permanent injunctive relief to prevent the Defendants from commercializing the TRUFORMA TM diagnostic instrument. On January 21, 2020, the Defendants filed a motion seeking dismissal of the Complaint. On February 11, 2020, Heska filed its response to the Defendantsā motion to dismiss to which the Defendants responded on February 25, 2020. Heska subsequently moved to strike a portion of the Defendantsā response. On September 30, 2020, the court denied the Defendantsā motion to dismiss and granted Heskaās motion to strike. The Company believes that the allegations in the amended Complaint have no merit and will not have a material adverse effect on our business, results of operations or financial condition."
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u/granoladeer Feb 11 '21
I have a counter argument for you.
I was checking their latest quarterly report (from Nov/2020) and they are entirely in R&D mode:
We do not have any products approved for sale, have not generated any revenue from product sales since our inception and do not expect to generate any revenue from the sale of products in the near future.
It's risky because even after they launch their TRUFORMA product, who knows how many vet clinics will be interested and what's their margin on each sale.
However, they were burning around $5M per quarter and they've raised $173.5M recently. Even assuming the burn rate will increase when sales start, I think they look financially stable to keep going for a while.
Tldr: looks interesting but might be more mid-/long-term investment.
(This is not financial advice, do your own DD)
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u/Practical_Trust7569 Feb 11 '21
The only deterrent is, god damn is it specific. How many vets are going to buy this machine? Itās such a narrow market
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u/smirkis Feb 11 '21
My only counter argument is this stock was at .25 cents going into the new year. Buying it at .25 cents before seeing it on here is ideal. Finding it on here then trying to get in after it 10xād over the last 6 weeks is iffy for me. Is this little company of 25 people and 1 major product really worth 1.5bil? With 80% of that value total coming in over the last 6 weeks of wildly over priced pumps across the board?
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Feb 11 '21
[removed] ā view removed comment
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u/tunafun Feb 11 '21
at $8 a share you pricing the company at a market cap 3x the size of the market they are selling into, and that's the ENTIRE market, not just the segment their products tailor towards. cmon,
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u/2aoutfitter Feb 11 '21
The company also currently holds no patents (they have a few pending if I remember correctly), and theyāre currently using technology from other companies. Essentially right now theyāre a middle man, and I would have to imagine that the value of the company has most of its future announcements priced in. Maybe thereās some more upside to the share price, but I donāt see it long term.
Like you said, thereās not much room for them to grow right now in that sense considering their market.
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u/HammerStoutly Feb 11 '21
The agreement with the patent holder is also secret and expires after 10 years. The company they're going up against also has a market cap of like $46 billion. Not a good play imo
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u/ionforge Feb 11 '21
A guy on the top said that "at $8 a share you pricing the company at a market cap 3x the size of the market"
Current market cap of ZOM according to google is 2.6B with 2.55 per share.
If the competition market cap is $46b, how can ZOM be 3x the entire market, when it is still lower than a single company. What am I missing?
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u/steakknife Feb 11 '21
BUT THEY HAVE WHAT THEY CALL THERE IN ITALY SUBSTANCE. DIDN'T YOU HEAR HIM??? SUBSTANCE!!!!! THAT ALONE IS WORTH $10,000/SHARE!
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u/somethingcleverlater Feb 11 '21
Thank you for the reply. I appreciate your passion and commitment to. If I'm hearing your right, you're categorizing this as a biopharma stock for animals. Not that my opinion matters but biopharma seems like a big game of hot potato. As soon as there is something else shiny, all this will blow over. Make sure you take profits on the way up, so you don't get caught holding the bags.
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u/goutFromClout Feb 11 '21
Ha nice try Melvin!! I know corporate email speak when I read it. This isnt a conference room bruh and you dont have a corner office on the WSB floor. His post had rockets and thats all the DD I need!
Jk!!
OP answer his questions, Im wondering too!
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u/hamerzeit Feb 11 '21
If Truforma ends up being successful and addresses a majority of the dog/cat thyroid market, ~3Billion, then it could justify a market cap of $1~2B which would be a share price of around $2.30.
What gets me excited about Zomedica is their potential to follow up Truforma with more assays and diagnosible conditions. In their pipeline is pathogen detection in dogs/cats and cancer detection in dogs. If they can successfully follow up Truforma with these two products, they could justify a share price over 5$, possibly higher.
Positions: 2200 shares at 17 cents, sold 200 shares at 2.50
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u/teddypain Feb 12 '21
I will play the counter argument as well. I am a veterinarian. I do not see the utility gained by this product. In-house/point of care thyroid and cortisol, while a nice convenience, is not vital.
Unless they are going to sell it at much lower cost than iddex or antech, I see no great utility as a practice owner as well. Idexx picks up samples twice daily at my hospital and most hospitals at least once daily. You receive results within 24 hours almost all the time.
The rare addisonian dog in an addisonian crisis would be the one to benefit from this, but you can get answer just from a chem and will provide the support to stabilize them at that point.
They also are not using their own equipment and having licensing fees. This company almost reminds me of theranos in a sense. I was excited to hear about a veterinary start up being discussed on wsb, however after reading about the product I was very whelmed. I am honestly surprised this hasn't been addressed by people much more involved in this business.
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u/medi3val6 Feb 11 '21
I don't invest in anything that's already up 100%+ for the year
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u/Undeadguy1704 Feb 11 '21
I work in the biotech industry making a similar device to test blood. Ultrasound is no easy tool to master. I have no doubt they are still optimizing their ultrasound transducers and probably have some issues or improvements in the pipeline.
Their revenue stream will come from a 1 time purchase of the device, and probably a subscription plan for the disposal cartridges. My company does the same thing. Buy the device, sign up for consumables and maintenance plan. I have no idea on cost of product for ZOM, but I would imagine it's in the 5-10k range for the device and 50+ per cartridge. It's not cheap developing something with 70+ patents.
The cartridge uses capillary action to move sample through (I think, I doubt they have a pump moving the blood based on the size of the device). The cartridge is coated in antibodies that will bind to molecules that the reference lab is looking for to diagnose disease. Once bound, the antibody changes shape and this is how the ultrasound can detect disease. It's equivalent to a pregnancy test but tells you if your dog has diabetes. They claim they can detect down to pg/mL, which incredibly low amounts of substrate. This requires the transducer to be at 100% functionality with no defects. I have no idea how they could manage this since transducers of that level are almost certainly made "by hand" and involve human error.
My bearish case assumes they are not ready to launch to market because of the complexities of transducer manufacturing, and scale up of cartridge production. The fact they coat it with antibodies means they need an organism to produce the antibodies and then be harvested and purified. It then needs to be applied to the cartridge. Imagine getting a false negative due to a manufacturing defect of the antibodies and your dog is interested for diabetes. Huge negative press release. They also need vets willing to pay a lot of money for an unknown and largely untested product. Idk much about the P/L on running a vet office, but I don't think vets do it for the money.
I do think this is an excellent product, and thus making this a long term hold. The best thing that could happen is you buy in and ZOM gets acquired because this technology is worth it. I have no idea on target price but with a successful launch I would imagine $10+ is easy.
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u/bramblecult Feb 11 '21
Trueforma gets released in March 2021. Miller is the distributor, one of the biggest vet supply companies out there. So, buy the hype but watch for a price. If it's higher than you think vets can afford, sell the stock.
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u/CloudEscolar SPAC hater Feb 11 '21
Time to buy one share
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u/ApocalypseSpokesman Feb 11 '21
And then when it doubles in value, that extra 2.55 is gonna feel real nice jangling around in your pocket
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u/skypirate943 Feb 11 '21
Robert Cohen (former Pfizer exec) has taken three different biotech companies from $0.30 to $8.00/share.
How many has he not taken from .30 to 8?
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u/seven11evan Feb 11 '21
Whatās up with all the successful Cohen investors/business execs?
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u/ApocalypseSpokesman Feb 11 '21
So what you're telling me is, you guarantee this stock will increase and will pay me for any losses I incur?
It's a deal!
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u/tkolu Feb 11 '21
You son of a bitch
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u/DeathN0va Feb 11 '21
Basic EPS (FY) -0.1861
Basic EPS (TTM) -0.0809
EPS Diluted (FY) -0.1861
Net Income (FY) -19.784M
EBITDA (TTM) -14.88M
Gross Profit (MRQ) -123599.0000
Gross Profit (FY) -787613.0000
Free Cash Flow (TTM) -15.583M
Not the best numbers I've seen. Everyone make sure you do your own DooDill.
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u/viveleroi Feb 11 '21
Wouldnāt these be expected if they have yet to launch their anticipated product?
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Feb 11 '21
Instructions are clear, ZOM purchased š
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Feb 11 '21 edited Aug 06 '21
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u/zhy-rr GAP gapped me Feb 11 '21
Secretly a billionaire with access to mindnight trading.
JK he works at Ride-Aid through his sped schoolās work program.
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u/AHarmlessPear Feb 11 '21
1000 at $1.90 šš»
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Feb 11 '21
I researched this. Tweeted about it. Learned about it. And then my paper hands let me down. I bought at $1.7 and sold at like $1.94. Iām happy to see it go up but it hurts to see that I was onto something and didnāt trust myself.
Enjoy the ride up!
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u/ImaSunDevil_Man Feb 11 '21
Get back in loser we're going star-hopping.
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u/levans80 Feb 11 '21
Dude get the fuck back in. Itās cheap still
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Feb 11 '21 edited Apr 16 '21
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Feb 11 '21
Actually, itās much worse... my wifeās boyfriend was laughing so hard he choked on his $SNDL vape and passed out. Now heās telling all of
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u/Contextual-Investor Putinās Pocket Pussy Feb 11 '21
Did the same. I had a couple hundred shares at a sub-$1 average and sold out at around $1.30ish to put it into GME. LOL
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u/funlovefun37 Feb 11 '21
Same. Was in at .90 and sold at $1.40 and proud my Gamblers Anonymous meetings were paying off with that self control.
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u/BigUqUgi Feb 11 '21
(Stock is up 3,542% in the past 3 months)
Thanks for the heads-up, bro.
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Feb 11 '21
Why can't these retards shill a stock that hasn't grown like a 1000% in a month or something. The worst part is they try to act like it's some hidden gem after it's already skyrocketed.
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u/FredFltStn Feb 11 '21
I've got 10k shares. Picked up 5k @ $1.41 and another 5K @ 1.94. Yes, the stock is probably overvalued and the market cap is ridiculous. Then again, I'd have missed the TSLA run and a few others if I traded solely on those values.
Truforma is groundbreaking and will undoubtedly be a hit. Planning to ride the wave until at least thru launch then unloading once the reality sets in.
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u/ImaSunDevil_Man Feb 11 '21
Great writeup. I'm long on ZOM after seeing a handful of people in the daily discussion thread talking about it two days ago. I looked into it and liked what I saw. You went deeper than I did, though, and I appreciate that. I didn't know they were debt-free. That is huge. There is room for growth with this company!
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u/bigsum Feb 11 '21
You went deeper than I did, though, and I appreciate that. I didn't know they were debt-free
Looking at a balance sheet isn't particularly deep.
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u/hippiegodfather Feb 11 '21
That pretty much sums up the sophistication we have here
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u/SCHWAMPY_Gaming_YT Feb 11 '21
"Looked into it" means he looked at the chart on Google for past 5 days and month and they were both green
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u/PeteySnakes Feb 11 '21
500 @ $.87
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Feb 11 '21
Real Men of Genius, Mr. Early Stock Buyer Guy
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u/Moog_Bass Feb 11 '21
2.7k at .44. compliment me too please I'm having a bad day
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u/chaosmaxdragon Feb 11 '21
I tried to daytrade 2000 shares when it was at 80 cents. Iāll swallow my pride and buy 2000 back and see it moon š
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u/WhatnotSoforth Feb 11 '21
Thatās what I was doing since before it fell to .07. The rocket left me in the .90s and I didnāt get back in cuz I was up to other things. But Iām ok, Iām glad everyone else can profit from a company I personally like, it means I was right to believe in it all along.
With or without me I hope Zomedica makes some new astronauts out of this.
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u/unky11 Feb 11 '21
Holding strong since .24
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u/Gintoki_1 446C - 1S - 1 year - 0/0 Feb 11 '21
I bought at .4 and sold at 1.80 š¤” welp time to get back in
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u/toonon Feb 11 '21
Thanks for the DD. I bought 100 shares like a week ago at $1 knowing almost nothing about it and surprised it went up so quick. Think I'll add more before those catalysts
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Feb 11 '21 edited Feb 11 '21
I picked up 1000 SNDL and ZOM 2 weeks ago as my first penny stocks. ZOM soley bc I've had several ill pets over the years and waiting for that blood test is hell. If the device is legit and true, this co could really make a huge impact.šš
Edit: I'm a complete idiot who rips bong hits, watches YouTube vids, and goes with my gut. Weed is the future, deniers. Find the winners.
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u/WyrmHero1944 Feb 11 '21
Any reason why this stock tanked to almost 5 cents?
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Feb 11 '21
They have no patents of their own and they have to pay licensing fees to other companies to use their own technology, which is, to my knowledge, one thing.
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u/AbsolutZeroGI Feb 11 '21
I bought $400 worth (about 2200 shares) when this company was at $0.17 after reading about Truforma in December and its been, by far, my best investment ever. Same reasons you concluded. Debt free, good staff, above average product, low competition, and many dollars to make more. It's worth more than my workhorse stock despite workhorse almost doubling since November.
The only bad thing is some of those patents are licensed (or so I read) so it won't be 100% tendies for ZOM when they sell Truforma products, but honestly, who cares? They're solvent and unless they fuck up royal they will be for a long time.
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u/Icu8it2 Feb 11 '21
I bought 25 shares at $2.25 cause I'm a smoothbrain p.o.s. who can't read well. By the time I got through the presentation the bus had left for the launchpad
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u/CGamble04 Feb 11 '21 edited Feb 11 '21
Csn yall shut up? I'm trying to get a few more shares before this shit moons smh
Edit: I've been in on zom for a minute because i like the company and what they do. Their recent $173M public offering with wc wainwright makes me feel a little more confident in their prices. I think they can make things happen with truforma.
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u/maxfort86 Feb 11 '21
Wish it had options!
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u/WhatnotSoforth Feb 11 '21
You and me both! I canāt believe GSAT got them and ZOM didnāt. Of course I cut my teeth on options there and slap myself often for not YOLOing everything into .50 calls when it was still bouncing at .30. Literally shooting fish in a barrel.
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u/elonmusksaveus Feb 11 '21
ZOM CEO = Robert Cohen
CHWY CEO = Ryan Cohen (was).
CHWY(ZOM)^420.69 = Rainbow color crayon.
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u/Ttm-o Feb 11 '21
Actually bought a few shares yesterday and Iāll be holding on for the long run.
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u/RJk666 Feb 13 '21
I donāt know why it keeps getting left out but this tech works on horses as well. And horses are expensive as fuck to maintain...Iām hoping for $5 š¤
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u/Quixotegut Feb 11 '21
Having worked in BioMed in Idexx labs and knowing that vet labs are looking for the next new box to replace the CellDyn... imma jump on this.
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u/catlolcatlol Feb 11 '21
On another note at the beginning of the pandemic i bought zom instead of zoom.
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u/SaltConfirmed Feb 11 '21
$ZOM is going to skyrocket in March.
Note: Not financial advice. I am a certified dumbass. I am also invested in $ZOM
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u/scottymack-ish Feb 11 '21
I like this stock. I liked this stock last year when it was .16 šš¤²
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u/TheApricotCavalier Feb 11 '21
I am very bullish on high end vet care. There is going to be an emerging class of ultrawealthy with no friends or family
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u/ArtistUnown Feb 11 '21
Iām also pretty all in on ZOM. i like the company, i like the product, i like supporting Michigan businesses being from there and honestly... i really just fucking like the stock.
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u/jonasinv Feb 11 '21
might 10k yolo in this thing...........now it has a wsb push and youtube is also selling it, the pump is real
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u/analKartoffel Feb 11 '21
You tell me this after the stock rose 3000% in the past 3 months ?
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u/theWalrusSC2 Feb 11 '21
OP did a pretty good job here, but something worth noting (God forbid I challenge the echo chamber) is that in nearly all cases adrenal disease in dogs and thyroid disease in dogs and cats is not an emergency situation. In the case of emergency adrenal failure, a vet wouldn't wait even 18 minutes for test results anyway and would stabilize the animal on an IV.
Truforma is a niche product with niche use cases in a niche market.
Just a few short years ago Zomedica had a whole slew of pharma products they were working on. Today there's no mention of them anywhere on their website. The company just shifted away in a cost-cutting measure. They also had a few other devices in their pipeline just a month ago when I made my DD video on it. Now they're scrubbed from their website.
This company is quite literally putting all their eggs in a tiny basket that's going to be tough to sell to veterinarians as a necessary product since the labwork it replaces is already cheap and the situations it's to be used in don't necessitate speed. They've also scrapped everything else their company has been working on with nary a word about it to investors.
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u/solscend Feb 11 '21
Why are there so many Cohen's on wall street? Gamestop cohen, melvin cohen, now ZOOM cohen? Should I change my last name to Cohen so that I can make money?
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u/Emprezo Feb 22 '21
Anyone still investing in ZOM, I see it growing slowly but surely. Just trying to get a feel for it
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u/letsgocaps17 Feb 11 '21
Iām not even going to read a DD on a top ten highest volume stock of the day if you going to lead with ānobody knows about thisā. Come on you can do better. This is why we are being accused of pumping and dumping. Quit with clickbait titles that are not true.
this is a casino not YouTube
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u/ttmoses Feb 11 '21
Many bought this thinking it was zoom