Wait for a pullback to $1.15. Look for 200%+ Long

ToughBuilt Industries, Inc.NASDAQ

Description

⋅ Jan 16, 2021 8:51 PM

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.

Comment

⋅ Feb 9, 2021 2:31 PM

Consolidated before reaching price target 1. More room to go

Comments

taljaber86

⋅ Feb 9, 2021 6:40 PM

Hi, do you still think it is a good time to get in on this stock ?

trilliondollar

⋅ Feb 9, 2021 6:50 PM

@taljaber86, In my opinion, still viable if willing to hold the stock for 3~6 months. Possibly better entry at 1.5.

rbrnet99

⋅ Feb 1, 2021 1:53 AM

Thank you for sharing
Do you still have the same targets

trilliondollar

⋅ Feb 1, 2021 2:47 AM

@rbrnet99, Yep lot more upside to go in the longer run (maybe 6 months horizon). Hope you caught the pullback to $1.15 :)

They may be announcing to trigger their share offering in the near future though so the stock price might see another dip.