re dec '14 price...
way too many unpredictable factors to pinpoint.
however a couple of other things to consider.
on the bearish side:
-though we have & will more then likely have more jv deals & gift contracts, the rev flow from those may not start to show up in earnest until '15-'16. so financials will show a bloated o/s in comparison to actual rev flow.
-frothy hype at some point will come off the sector (could be after wash state) wh/ could slam the whole sector pretty hard. this may converge w/ a bearish spell in the overall stock market.
on the bullish side:
-the sector will continue to get more mainstream attention. people will realize the otc is the only way in. if phot executes their deals w/o hitches and the rev flows commence, leadership will happen. anyone who wants in the sector will see phot as a way at a relatively cheap price w/ major exchange like pedigree.
-by the end of the year, phot may very well have another jv or two that further vertically expands their breadth in the industry. the kiosk and a distribution digital backbone could be in place that the govt curries up to.
-banks will be adding more aggregate financial capital to the market speeding up the retail end. wash & colorado will have become running templates wh/ will speed up other states.
it will probably still have turbulent swings, but the firming up & orderly move up of the stock should get more stable. if the positives fall in place w/o hitches and the greater market isnt in a tough bear, then 1- 1.70 seems doable. Yet hitches, greater market problems etc could keep it .50-.90.
I do think whatever pullback we have after the vote and financials should be countered in late spring w/ a build up of mojo going into wash state legalization in late may-early june.
