Titan Medical Inc (TMDIF)

[Geo2014]

You are correct. A company's position in the stock market is as much psychology as it is true value. But using the same rationale then, almost any company can have a high pps. There are also very successful companies that are way under-valued. People keep missing the point. Is $100 - $150 possible? Of course. Titan has incredible potential. Is it likely in the next 24 months? No. Projected sales a year out from approval would have to be astronomical. Will there be more competition for market share in the next 3 to 5 years? Most likely, yes. Also, plan for a M/A along the way. You most likely will have an opportunity to own stock in a different company.

I know plenty of people who lost all of their gains, and much more, when the tech bubble crashed. For long-term investments Id prefer to invest on the merits of a company and not the potential for an artificial bubble.

And the guy who compared Titan stock to American Airlines is way off base. He is comparing two totally different sectors. AA was an established company with a fleet of jets, tens of thousands of employees and placement around the world. It was run into the ground, filed bankruptcy and bought by a profitable airlines. At 20 cents a share in 2011 it was WAY under-valued and a helluva bargain (bankruptcy affected the psychology of the market). The comparison to Titan's scenario is apples to oranges.

I have a healthy investment in Titan and agree the formula is there for great things. There are too many uncontrolled variables in a speculative stock so I dont count on a triple digit pps in the near future. I sense there will be a very nice ROI within 24 months.