Opinions
Bruce Campbell (2)
Indus Holdings
INDS-CN
TOP PICK
Jun 28, 2019
N/A
Stock price when the opinion was issued
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HOLD
He owns this one and it was a Past Pick before. Previous management raised money, build facilities and over spent without building a strong strategy. The new management team brought more capital. They have one of the highest margin selling THC cannabis products in California. The stock is trading less than one year revenue. He thinks as management proves itself this stock will go higher. He will continue to own it.
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PAST TOP PICK
(A Top Pick Jun 27/19, Down 91%) It has been a huge disappointment. He sold it out some time ago. He went back into it now and thinks the turnaround is in place. They re-capitalized the business. They produce a real high strain of THC flour. In 2021 they feel they will be trading at one times revenue. There could be an opportunity here.
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PAST TOP PICK
(A Top Pick Aug 09/19, Down 72%) They've had a tough time. He actually sold, then re-entered this stock. Indus has recapitalized and turning around. The stock hasn't performed in the past year, but he expects them to turn a corner. A cannabis company, their weed has a lot of THC and this commands a premium price. They invested a lot to build their facilities, so they couldn't generate revenue until raising more money. They're on track to produce EBITDA in 2021.
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Their executives have worked in consumer branding and packaging. They're based in California and are a recent RTO which usually triggers a sell-off. Trading at a cheap 2.5x next year's EBITDA vs. 15x its peers. Really cheap. They want to buyback stock. He expects them to be taken out down the line.