While I briefly discussed ECOM in my August “What’s Wolf Watching” piece a couple of week ago, I haven’t covered the company’s financials since the end of 2022. That review did not go very well, a big downgrade to one star.
One star reviews historically have been a pretty good warning sign that the share price is in trouble. In January of 2024, I took a look back at a three month window of stocks I awarded 1.5 stars or less to. A year and a half later, a good chunk of those stocks aren’t around or not trading anymore.
Emerge Commerce is still around, still trading, and may even be seeing a resurgence with the stock tripling in value from their three cent lows at the end of 2024. Clearly, miles away from their covid highs trading in the $1.70’s.
Here is how I ended my review nearly three years ago. Yes, my writing has always been this witty and charming. I was also a customer of one of their brands - TruLocal for sometime.
Is this recent resurgence in share price enough to take them off that ignore list? It just might be, but let’s drill in a little further.
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