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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (82322)	6/17/2020 8:02:00 AM
From: Goose94	Read Replies (1) of 202843

Drone Delivery Canada (FLT-V) Echelon Wealth Partners analyst Rob Goff began coverage a "speculative buy" and a $1.80 share target, exceeding the $1.75 consensus. Mr. Goff says in a note: "We believe the commercial drone delivery industry is set to emerge as a major component in logistics planning with its initial focus on the B2B market for dedicated routes in remote regions and industrial supply chain delivery services. Initial considerations for the B2B phase are expected to be redefined as the sector's ambitions evolve towards B2C deliveries. Our thesis rests on the ability of drones to deliver goods faster, with cost and reach advantages. The stringent regulatory overview that has governed its maturation is likely to represent a key competitive moat enabling first movers such as DDC to establish a profitable, sustainable business model where consumer safety is paramount. With the drone market projected to reach $27-billion by 2030, we forecast DDC revenues/EBITDA surpassing $100-million/$50-million within five years." Drone Delivery shares have a 52-week range of 50 cents to $1.36.

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