Opinions
Thomas George
Hut 8 Mining Corp.
HUT-T
TOP PICK
May 14, 2018
$4.130
Stock price when the opinion was issued
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TOP PICK
Stockchase Research Editor: Michael O'Reilly
HUT operates energy infrastructure platforms for the development of data centres and bitcoin mining in North America. It recently announced it has created "American Bitcoin" in conjunction with Eric Trump. It trades at 4x earnings, 1.3x book and supports a 45% ROE. We recommend setting a stop-loss at $10, looking to achieve $24 -- upside potential of 28%. Yield 0%
(Analysts’ price target is $41.67)
Energy Infrastructure, Industrials & Utilities
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PAST TOP PICK
(A Top Pick May 01/25, Up 29.8%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with HUT has achieved its target at $24. To remain disciplined, we recommend covering half the position at this time and trailing up the stop (from $10) to $15.
Energy Infrastructure, Industrials & Utilities
If you can't buy the coin directly this is a very interesting leveraged play. It is one of the biggest bit coin miners out there. Two years from now the net asset value of the company could double. (Analysts’ target: $7.85).