NetworkNewsBreaks – The Alkaline Water Company I
Post# of 419
The Alkaline Water Company (CSE: WTER) (NASDAQ: WTER) was featured in a recent equity research report published by ROTH Capital Partners LLC. The report reads, “F2Q revenue was negatively impacted by retailers working through excess water inventory purchased during the pandemic period. However, WTER continues to build market share and retailer buying trends have now normalized. While we lower FY22 sales 7% to $63.1mm to be conservative, we note 1) WTER trades for 1.6x EV/Revenue versus larger, yet slower growth peers at ~6.0x; and 2) its penetration into the hospitality and CBD market offers significant potential upside to our/consensus FY22 estimates. Maintain Buy.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer