DTEA - DavidsTea: Trading At Only 57% Of Cash Combined With Solid E-Commerce/Wholesale Growth Makes This Compelling
In my view, sell side research really only exists as a loss leader to support the other lucrative investment banking businesses, namely trading, securities lending, and underwriting (IPOs and secondary offerings, etc.). Therefore, as a deep value investor, there is a greater likelihood that an equity security can be mispriced when it is off the radar and no one covers it on Wall Street. Lo and behold, when we are talking nano-cap equities, and thinly traded is par for the course here, rest assured not only does Wall Street not cover them, the vast majority