DFLYF - Draganfly: Back In Earth's Orbit At Justifiable Share Prices

• Draganfly shares multiplied in value in the three months from December 2020 to February 2021. The same run-up happened with shares of the industry peers. Valuations became excessive.
• After reaching all-time highs in February 2021, share prices declined again to lose roughly half of their value by mid-April. The shares have thus dropped back to earth's orbit.
• Draganfly shares still look too expensive if the price would be purely based on the company's financial performance. If qualitative arguments are included, however, the price is justifiable.
• Various substantial risks remain for investors in Draganfly and industry peers, which is why building a long position in small tranches over time is recommended.

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