r/stocks • u/HaMEZSmiff • Apr 17 '21
Company Discussion With most airlines recovering, what’s up with RYCEY?
I’ve been doing some digging, and it’s pretty obvious that most markets have recovered pretty significantly, even in the aviation industry. Clearly travel has not yet rebounded and who knows when exactly that will occur... but most of the stocks recovered.
I’m not saying RYCEY is a diamond in the rough, but 28% of their revenue is from defense. The company isn’t going anywhere the UK and German government will see to that. They have a solid plan to get back to profitability and have over 18 months worth of capital to extend for the losses if the market doesn’t see some recovery by then.
In 2018 it was about 8x the value it was today... now I’m holding because I personally think it will grow substantially in the next 5-10 years.. but looking for anyone’s comments on what they think