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RumbleON’s Binary Experiment

September 11th, 2019 · No Comments

  • This is a high-risk stock that isn’t for the faint-hearted, and the share price has sunk to new lows.
  • However, the company’s data driven asset light business model is very intriguing and potentially very profitable.
  • There are some data points that show it might be working as the company boasts industry high GPUs and management argues there is room for further improvement in H2.
  • Cash bleed is significant and remains a big risk. If the promised H2 improvements arrive, the situation could improve pretty dramatically, but if not, the company is in considerable trouble.

Source: RumbleON’s Binary Experiment – RumbleON, Inc. (NASDAQ:RMBL) | Seeking Alpha

Tags: RMBL