eR Reports

Stock price up over 700% year-over-year. Peak’s management believes that the NASDAQ listing will attract new tech-centric institutional shareholders. Peak releases Revenue & EBITDA guidance and forecasts revenue of $104M in 2021 with EBITDA of $12.5M, ramping up to $624M of revenue in 2023 with EBITDA of $155M. Recent $52.6M financing to “unlock” new expansion and partnership opportunities. We are increasing our one-year target price to $11.00 from $4.80. [more]

Shareholders of Proofpoint (NASDAQ: PFPT), a leading cybersecurity and compliance company, approved the $12.3B all-cash offer from Thoma Bravo. The deal values Proofpoint at 8.3x EV to Revenue (2021 consensus estimate). [more]

Magna acquires Veoneer for $3.8 billion in cash. The combination of the two businesses and the addition of relevant engineering and software expertise, reinforce its portfolio and industry position. [more]

The cannabis industry is dominated by the big four companies and these companies have emerged as the industry leaders. They benefit from factors including access to the lowest cost of institutional capital, scale, proven management talent, track records, strong balance sheets, and licensing credibility. [more]

We updated our Seasonality Chart last month and made significant changes, including updating the beginning-and-end dates for the periods of seasonality strength, and adding a further ten industry sectors. The Canadian and U.S. markets continue to perform well against all historical odds. How long will this continue before there is a meaningful pull-back? We think that we are getting close to a market reckoning. [more]

eResearch published a 27-page Valuation Research Report on StageZero using three valuation methodologies: (1) Comparative Company Analysis using Revenue, (2) Prior Mergers and Acquisitions Analysis, and (3) Discounted Cash Flow. Using the three methodologies and various revenue & growth assumptions, the results estimated the stock price between $0.67 and $14.14. [more]

The value of the Portfolio on June 25 was $522,977, up 1.2% from the $516,655 value recorded two weeks ago, and up 4.6% since its inception on June 1. For comparative purposes, the S&P/TSX Composite Index gained 0.5% in the last two weeks and 2.5% since inception. [more]

For intermediate- to longer-term investors, it might be propitious to take a position in a gold ETF before the seasonal strength for gold starts in July. Looking at the short-term for gold ETFs, the June break-down, particularly with the gap lower, suggests bearish tendencies. [more]