When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
GDDFF - GoodFood Has Strong Fundamentals Presenting A Delicious Upside
Goodfood Market
Investment Thesis
Goodfood Market Corp. (GDDFF) is a provider of meal subscription service in Canada. The company has ~200k subscribers having exhibited impressive subscriber and revenue growth over the past few years with 2019E revenue expected to be >120% higher than 2018 revenue. Despite the strong growth, the stock price has suffered a recent downturn as a result of high SG&A costs in Q2 2019 which we believe are due to automation initiatives and additions to the fixed cost base required to support the company's aggressive expansion. Results improved significantly in Q3 2019.