- Sino United Worldwide Consolidated Ltd. distributes vending machines that can sell beer and mine cryptocurrency.
- However, SUIC’s assets and revenues are low and its working capital and shareholders’ equity positions are negative.
- SUIC’s valuation has grown to over $500 million after the company announced a JV with an Australian mobile payments firm.
- There could be significant retail investor interest as the company is popular on several websites.
- I think SUIC looks like a sell, but the short borrow fee rate stands at over 70%. Unless you have very high-risk tolerance, it may be best to avoid this one.
For further details see:
Sino United Worldwide Looks Overvalued Based On Fundamentals