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Parkit Enterprises (PKT-X)
CVE:PKT
0.67
0.06
(9.84%) 1d
Financials
Technical Analysis
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Most Anticipated Earnings: MRE-T, PSI-T and more Canadian Companies Reporting Earnings this Week (Aug 05-09).Most Anticipated Earnings: UNC-T, DAN-X and more Canadian Companies Reporting Earnings this Week (Nov 27-Dec 01)
$1.230
No
Acquiring parking lots in the US, not in Canada. They have a couple and are doing quite well. A real estate producing cash flow, so they go up in value. Just signed a deal with a US partner to fund them, so they now have a lot of capital to make more acquisitions. Thinks they’re going to do quite well.
They have parking lots in the US. They are profitable, but very small. They need to raise funds to buy more parking lots. When they do, the stocks should pop. There may be a snag in getting financing. They are wonderful parking lots. They acquire parking lots early, develop them and get the cash flows higher and then sell them off to pension funds and institutions. It is an M&A real estate play.
Took part in a private placement a few months ago, and the stock has done very well since then. They will be acquiring parking lots in the US, which have pretty nice cash flow yield. They put little bit of money into them, improve the cash flows, run them for a few years and then they are going to sell them. Again you have US$ dominated revenues which help a lot. Management buys stocks almost every week. He is very confident in this one.
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Parkit Enterprises(PKT-X) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
Parkit Enterprises(PKT-X) Frequently Asked Questions
What is Parkit Enterprises stock symbol?
Parkit Enterprises is a Canadian stock, trading under the symbol PKT-X on the TSX Venture Exchange (PKT-CV). It is usually referred to as TSXV:PKT or PKT-X
Is Parkit Enterprises a buy or a sell?
In the last year, there was no coverage of Parkit Enterprises published on Stockchase.
Is Parkit Enterprises a good investment or a top pick?
Parkit Enterprises was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Parkit Enterprises.
Why is Parkit Enterprises stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Parkit Enterprises worth watching?
In the last year, there was no coverage of Parkit Enterprises published on Stockchase.
What is Parkit Enterprises stock price?
On 2024-10-29, Parkit Enterprises (PKT-X) stock closed at a price of $0.67.
