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A Forgotten Stock That Could Pop Again

Long-time readers with very long memories may remember that several years ago, I wrote here about stock in a company called Amyris (AMRS). I was bullish on the stock at the time based on the core business and prospects of the company. That worked out pretty well, as it was under $2.50 when I wrote about it, then rose to over $7 just a few months later. A long period of volatility then ensued, with the stock jumping around between $2 and $6, but the real fun began late in 2020 when it got the meme stock treatment and soared to over $23.

Unfortunately, I was out of my long position well before that, but it was fun to see an old friend in the spotlight…until the crash that inevitably follows meme stock mania came. Unlike some that have gone through that though, including more famous examples like GameStop (GME) and AMC Cinemas (AMC), AMRS is not now trading significantly above where it was before all the madness began. Rather, like another that got the treatment, Bed Bath and Beyond (BBBY), it dropped back to the starting point and even beyond.

The reason for the complete collapse is actually quite similar in the cases of BBY and AMRS, too…liquidity. Not market liquidity in the stock you understand, but the kind of liquidity a company needs to stay afloat…cash flow. Amyris has a problem in that regard but, if you can look past that, it is a company that fits the changing times in which we live and that has enormous long-term potential.


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