Wait for a pullback to $1.15. Look for 200%+
Aggiornato
Personally missed out on this opportunity despite watching it for some time. Look for a pullback to around $1.15 and average down it comes down to $1
TBLT has great products for the DIY market and launched their SKUs in Loew's back in Dec 7.
ir.toughbuilt.com/press-releases/detail/73/toughbuilt-launches-14-new-tool-organization-skus-at
It seems like they have great products, generating very positive reviews on Amazon. Check out their product listing reviews on Amazon or Home Depot.
Gross sales numbers on Amazon:
Q1 2020: 1.2m
Q2 2020: 1.35m
Q3 2020: 2.07m
Revenues Increase 248% in third quarter 2020 vs. 2019. Net sales for three-month period ended September 30, 2020 were $16.6 million, an increase of 248% from $4.7 million for the same period in 2019.
Company reaches profitability in the third quarter. In my opinion this is extremely important as it suggests that they are just beginning. The company also has a global e-commerce initiative to expand well beyond its European, and North and South American market focus.
I expect their Q4 earnings (around 5 Apr) to be great from holiday sales and with longer-term positive outlook.
TBLT has great products for the DIY market and launched their SKUs in Loew's back in Dec 7.
ir.toughbuilt.com/press-releases/detail/73/toughbuilt-launches-14-new-tool-organization-skus-at
It seems like they have great products, generating very positive reviews on Amazon. Check out their product listing reviews on Amazon or Home Depot.
Gross sales numbers on Amazon:
Q1 2020: 1.2m
Q2 2020: 1.35m
Q3 2020: 2.07m
Revenues Increase 248% in third quarter 2020 vs. 2019. Net sales for three-month period ended September 30, 2020 were $16.6 million, an increase of 248% from $4.7 million for the same period in 2019.
Company reaches profitability in the third quarter. In my opinion this is extremely important as it suggests that they are just beginning. The company also has a global e-commerce initiative to expand well beyond its European, and North and South American market focus.
I expect their Q4 earnings (around 5 Apr) to be great from holiday sales and with longer-term positive outlook.
Nota
Consolidated before reaching price target 1. More room to go
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