any thoughts?

Posted by conniestanley at Feb 19, 2021 10:05 AM | Report Abuse

Was looking around the market with a value mentality and came across this company called SUTL.

https://ibb.co/0nhN67P

This company has 48m cash and most of its liabilities are on deferred revenue, which for a membership business costs practically nothing. Yet they only have a market cap of 47m, while they have an operating business printing 5.5m revenue and 782k per year with basically a captive audience thanks to their members.

Early on they sold a bunch of products at $60k and everyone was happy.

https://ibb.co/9YFcPYG

and now those are going for $3k on Carousell.

https://i.kym-cdn.com/entries/icons/facebook/000/029/959/Screen_Shot_2019-06-05_at_1.26.32_PM.jpg

Wouldn't be surprised if they're being ripped to shit by their rich clientele but hey its hard to short on the SG market. Any thoughts?