The Blockchain Effect
First, it was Long Island Iced Tea (LTEA). Then, Pareteum (TEUM) and Riot Blockchain (RIOT) joined the club.
India Globalization Capital (IGC) followed them by saying in a recent press release that it would "leverage its existing team of technology and healthcare experts to develop methods utilizing blockchain in areas such as product identification assurance."
And MassRoots (MSRT) is the latest company that joins the Blockhain party. MSRT announced this morning that it formed the MassRoots Blockchain Technologies subsidiary to developing blockchain-based solutions for the cannabis industry:
"We believe blockchain has the potential to enable the cannabis industry to operate more efficiently and with a greater degree of accountability and transparency," says MassRoots CEO Isaac Dietrich.
As a result, all these stocks have soared since the companies announced that they are adopting Bitcoin's underlying technology (the Blockchain).
But if you check their fundamentals, you will definitely steer clear of them. Frankly speaking, I will not touch any of them with a ten-foot pole. None of them are for experienced value investors.
If you want to be ahead of the crowd generating unrivaled returns that often exceed 100%, consider subscribing to "The Alpha Discoverer" by Value Digger, the insightful Newsletter where you will discover unknown and underfollowed companies that are potential multi-baggers along with high-yield dividend stocks (yields above 7%).
Our picks are debt-free or low leverage stocks with catalysts. And Value Digger has more than 10,000 followers on Seeking Alpha while also being ranked in the TOP-100 on TipRanks.com out of over 6,000 financial bloggers and analysts worldwide.
As such, we are confident that this subscription (just $99 for 6 months, a limited-time offer) will pay for itself many times over thanks to our proven track record, our almost 30 years of experience in the stock markets and our painstakingly selected picks from a variety of sectors.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: The opinions expressed here are solely my opinion and should not be construed in any way, shape, or form as a formal investment recommendation. Value Digger does not accept any liability for any loss or damage whatsoever caused in reliance upon such information. Investors are advised that the material contained herein should be used solely for informational purposes. Investors are reminded that before making any securities and/or derivatives transaction, you should perform your own due diligence. Investors should also consider consulting with their broker and/or a financial adviser before making any investment decisions.