Entering text into the input field will update the search result below

Triterras, Inc. - Show The Money

Jan. 22, 2021 9:47 AM ETTRIRF, PSFE, PYPL, SQ6 Comments
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.


  • It's not often a downgrade to SELL results in a sharp pullback in a stock by 30% in less than two sessions, but it's time to revisit the call already.
  • The sell-off in TRIT shares are overdone.  A wave of shortseller reports appears to rely on flawed blockchain data, inaccurate assumptions on affiliate % traffic, and slanderous claims against management.
  • We still want to see the Company's FY21 (ends 2.21.2021) audit, confirmaton of its approved $50MM share buyback, and filings for insider purchases.
  • But with management confirming its guidance and model twice in the past month, the CEO buying stock, and TRIT saying it will buyback millions of shares, it's time to take their words as truth.
  • This week's crypto bloodbath - or overdue correction - has tanked TRIT unfairly.  TRIT's trade finance business runs on Ethereum 2.0 but payments are made in fiat currencies, so there is no exposure beyond perception of uninformed traders based on words of inexperienced shorts.  It's time to make the bet again on TRIT on a short-term trade to double-digits.  If/when the audit passes the smell test and guidance is affirmed for $1 EPS power in 2022, this stock can see $30+ in a year or less, in our view.  With $190MM in cash and a debt free profitable high growth business, this alternative finance company has the runway it needs to achieve that potential.  Upgrading TRIT to TRADING BUY and establishing a near-term price target of $12 with an upward bias pending FY21 audited numbers.

TRIT Cap Table @ $7.53


TRIT Cap Table @ $12


Analyst's Disclosure: I am/we are long TRIT.

Though we want to see audited numbers as a major catalyst for significant share price appreciation, the Company is likely to launch additional online modules to enhance its online platform to further disrupt paper-based international trade finance markets. M&A may also provide a wildcard near-term catalyst for the stock.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.