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    Walmart, Aldi, Sprouts, and others received fruit linked to the deadly Listeria outbreak

    Walmart, Aldi, Sprouts, and others received fruit linked to the deadly Listeria outbreak

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    New Home Sales Plunged in October as Prices Fell

    Company recalls a dozen cantaloupe products because of possible link to Salmonella outbreak

    Company recalls a dozen cantaloupe products because of possible link to Salmonella outbreak

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    Oil prices extend losses as investor unease grows amid OPEC+ speculation

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    CVS Health (NYSE:CVS) Downgraded by StockNews.com

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    Jabil shares drop 9% on guidance cut

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    MSCI (NYSE:MSCI) Downgraded by StockNews.com

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    Southern Copper (NYSE:SCCO) Stock Rating Lowered by Morgan Stanley

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    Micron’s stock suffers as outlook for higher costs disappoints

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    Synopsys (NASDAQ:SNPS) Downgraded by StockNews.com

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    GE HealthCare’s stock slides after UBS downgrades to sell

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    IRobot’s stock sinks after European regulators express concerns about Amazon deal

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    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

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    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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    Walmart, Aldi, Sprouts, and others received fruit linked to the deadly Listeria outbreak

    Walmart, Aldi, Sprouts, and others received fruit linked to the deadly Listeria outbreak

    New Home Sales Plunged in October as Prices Fell

    New Home Sales Plunged in October as Prices Fell

    Company recalls a dozen cantaloupe products because of possible link to Salmonella outbreak

    Company recalls a dozen cantaloupe products because of possible link to Salmonella outbreak

    Oil prices extend losses as investor unease grows amid OPEC+ speculation

    Oil prices extend losses as investor unease grows amid OPEC+ speculation

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    CVS Health (NYSE:CVS) Downgraded by StockNews.com

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    Jabil shares drop 9% on guidance cut

    MSCI (NYSE:MSCI) Downgraded by StockNews.com

    MSCI (NYSE:MSCI) Downgraded by StockNews.com

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    Southern Copper (NYSE:SCCO) Stock Rating Lowered by Morgan Stanley

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    Micron’s stock suffers as outlook for higher costs disappoints

    Micron’s stock suffers as outlook for higher costs disappoints

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    Synopsys (NASDAQ:SNPS) Downgraded by StockNews.com

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    GE HealthCare’s stock slides after UBS downgrades to sell

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    IRobot’s stock sinks after European regulators express concerns about Amazon deal

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    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

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    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

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    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

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OTC Stocks That Will Eventually Fade Away: Hut 8 Mining Corp (HUTMF)

Editorial Staff by Editorial Staff
April 14, 2021
0
OTC Stocks That Will Eventually Fade Away: Hut 8 Mining Corp (HUTMF)

Hut 8 is a cryptocurrency mining company. As I explained in a recent column on Dogecoin (CCC:USD-DOGE), I believe that the opposition of banks and governments to “cryptos” is likely to eventually hurt them. Therefore, I’m bearish on the outlook of most cryptocurrency companies.

Hut 8’s 2020 top line was meaningfully higher than the other two OTC stocks on this list, coming in at $40.7 million. But that was about 50% lower than the company’s 2019 revenue of $82 million. And alarmingly, last year, Hut 8’s gross profit was negative, strongly indicating that it will have difficulty becoming profitable if the new-found momentum of cryptocurrencies fades, which I think is quite likely.

With a market capitalization of around $800 million and a trailing price-sales ratio of 20, the shares have a long way to fall if things turn south for the sector and the company.

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CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

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NVIDIA Corp. stock falls Tuesday, underperforms market

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Lipella Pharmaceuticals Shares Drop 12% After Rising Wednesday

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