Added to YB: 2024-03-05
Pitch date: 2024-03-03
CYAN [bullish]
Cyanotech Corporation
+50%
current return
Author Info
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Company Info
Cyanotech Corporation, an agricultural company, engages in the production and sale of natural ingredients and dietary supplement products from microalgae for health and wellness markets.
Market Cap
$3.0M
Pitch Price
$0.30
Price Target
0.56 (+24%)
Dividend
N/A
EV/EBITDA
14.49
P/E
-1.62
EV/Sales
0.57
Sector
Personal Care Products
Category
value
An Incredibly Soggy Cigar Butt
CYAN: Delisted microalgae nutrition co dropped 70% to $2M mcap vs $15M tangible book. Lost 2x mcap last yr. Risks: Low volume, shady mgmt, continuing losses, uncertain asset values. Assets at $4M or turnaround could 2x, but very speculative. Author has small position.
Read full article (2 min)