As I mentioned in my recent WWW article in regards to Covalon, what a difference a year makes.
My last full review of Covalon was over a year ago for their 2024 annual filings, one that received an upgrade to 3.5 stars. After that positive review came three straight poor quarterly results dropped to the market. As a result, the stock dropped like a bad habit - 38% over the past year and 60% from their highs above $4 just fifteen months ago. That’s quite the pecuniary impact to the wallet for longs.
In my Feb WWW article, I had predicted another big miss for these upcoming financials due to the very tough comps they would be up against. My initial look at their numbers released this morning confirmed those fears.
But I also suggested that they could be one to re-evaluate once these numbers were out, and see where the dust settles. So let’s do just that.
Paid Subscriber Benefits:
First access to annual picks, upgrades and mid year “Seal of Approval” picks.
Monthly “What’s Wolf Watching” preview of upcoming earnings and potential market moves.
FinsDontLie Scholastic Series - exclusive educational posts
Access to The Wolf Den Discord community (daily insights, charts, chat & Q&A)