It’s been awhile so sorry about not posting much lately. But I have an amazing stock I want to share with you.
For those who have been smoking (cigarettes) or vaping, you heard a lot about e-cigarettes. And how much shit companies like Juul and others are in for marketing to high school kids and creating flavors such as bubble gum. So we were not surprised by FDA cracking down on them like when the cigarette industry had to give into signing an MSA.
One of the victims is Kaival Brands ($KVAL). They were trading over $30 at one point and went down all the way to below $1.
I know what you might be thinking. A dead cat bounce? Think again. They got a favorable ruling and their CEO said
“We expect this judicial stay will result in a rebounding of BIDI Stick sales. Many wholesale and retail partners had discontinued or slowed purchases of the BIDI® Stick, until we heard back from the courts on the likelihood of our merits case succeeding. This is what our wholesale and retail partners have been waiting for.”
Yes. This is why the stock went up about 3 folds. I think this is heading back above $5 in the near future. Possibly $12 and even back above $20.
But before you go and buy their stocks, do your DD.