Detailed Quote
5i Report
Review of Enthusiast Gaming Holdings
APR 18, 2023
- With EGLX's negative operating results, we think the path to profitability now becomes much longer
than expected. We also think there are other attractive opportunities in the current market that we would prefer to place our focus on. As such, we are dropping coverage on Enthusiast Gaming Holdings (EGLX).
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5i Recent Questions
Q: Hi Peter, I've held EGLX since 2021 in my RRSP and my cost is 3.91 ( haha good for me) it's hard to let it go especially because it's in my RRSP. Is there even a chance of a slight recovery, takeover, if so what could they offer for it, or is it time to bite the bullet and sell. Thanks
Q: I just looked at the insider report. Brian Beetie did a private buy of 36 million warrants on July 12th. Also EGLX had just secured a 20 million term loan. Are these strong hints things may be turning around. I cant see why an insider would, out of the blue, take such an extreme position.
Q: Question, analysts -- this comes out of a little frustration. I trade on TD Waterhouse and today wasn't able to get this questioned answered by TD. Analyst Scott Buck of H.C. Wainwright has just changed his potential price for EGLX to $1.36. Prior he had this crazy speculative stock at a huge multiple. TD Waterhouse ranks him in the top of the class on todays main trading page for this pick. He as well has MOGO @ $10.86, while it trades at $1.88 Buck apparently has an average net return on his analysist picks of -10%. For an average investor, how the heck is Buck visible and relevant?!? Why would a company like TD give him a high rating & such great exposure?
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