Bioelectronics Corp (BIEL)

[yankee55]

Time to share a bit of very important Thanksgiving DD with all the Good Guys and Gals.

First-mover advantage for all Actipatch devices are going to provide extremely lucrative deals for Biel as they sign License Agreements with MAJOR PLAYERS!

You can soon add Actipatch to the names below!!!

http://smeadcap.com/smead-strategies/smead-blog/entries/2015/11/24/innovation-and-scotch-tape/?utm_source=November+24%2C+2015&utm_campaign=November+24%2C+2015&utm_medium=email

"In business and economics, a “first-mover advantage” is defined as the benefit accrued to a company whose product is the first to enter a market. These products often create or define an entirely new market opportunity that the world hadn’t known before. Some “first-mover” examples have created very attractive long-duration opportunities. EBAY (EBAY), a company we own in our portfolios, was the first online auction service. It has maintained leadership in that area for the last two decades. Kleenex was a first-mover in the facial tissues market, and has become so common that most people don’t know what a facial tissue is without saying the product name. A prime first-mover example is Coca-Cola, which created its soda pop market in 1896 and continues to dominate it 120 years later."

"Examples like these give credence to the idea that the early bird indeed catches the worm. The notion has become more powerful as you consider the massive ego and financial benefits of being the next Elon Musk or Jeff Bezos. The possibility of relatively immediate notoriety and wealth has not been lost on private equity investors. It is estimated that private equity firms sit on more than $1.2 trillion of cash that is waiting in the wings to find those kind of attractive targets. When looking at the cash plus advantage that private equity firms can apply towards deal making, it has never been higher than today. Private equity deals of today are done at very rich multiples. EBITDA and net income multiples of 6x and 21x higher than the S&P 500 are typical. This all sounds very exciting to us. It brings to mind something Warren Buffett says, “Investors should remember that excitement and expense are their enemies.”