The Problem with Poet Technologies
from Nanalyze Hosted by Nanalyze
POET stock has been seeing a lot of hype lately, despite the fact that the company is tiny and has virtually no revenues. So, why are we covering it? Well, besides being requested by our paying subscribers, it's also quite a popular stock, trending on social media sites like StockTwits. Stocks like this tend to attract a lot of newbie investors, so we feel called to point out some of the red flags we typically see in stocks like this. To put it simply, Poet is an obvious avoid. The pipeline of customers they touted has gone nowhere, probably because anyone can make an "illustrative pipeline" of customers. It's a lot harder to actually, you know, lock down those customers. We're steering clear of POET stock until they can achieve meaningful revenues of $10 million per annum. We suspect we'll be waiting a while. Stay informed with our free disruptive technology investing newsletter, Nanalyze Weekly. Sign up now at https://www.nanalyze.com/nanalyze-weekly/. This episode is pulled from a YouTube presentation. View the original presentation at https://youtu.be/RJ6Avny5iXM.
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