PAHANA
$CDNL so to be clear this stock has 47 million shares outstanding
today it lost 60% of its market cap
yesterday the market cap was 711 million dollars
Today as of the close the market cap no stands at 263 million
450 million less than yesterday
that being said in its earnings call Cardinal reported 200 million for the quarter with gross annual revenue around 900 million basically
therefore todays market cap is only 60 million more than quarterly revenue and only 25% of annual revenue.
For those reasons im starting a position
plus they have 136 million in cash so the price doesnt even make sense in that regard
considering the small float and the volatility to go along with that
share value could easily return to 30$
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