Progressive Care Inc (RXMD): This is worth 0.40/sh with one pharmacy,...

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Progressive Care Inc (RXMD)

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Re: stockforce post# 73558

Monday, 03/05/2018 1:43:49 PM

Monday, March 05, 2018 1:43:49 PM

This is worth 0.40/sh with one pharmacy, and 0.80/share with two pharmacies.
These type of companies trade for ~6X revenue. Even using 20M revenue for one pharmacy, 6X is 120M. In order for this company to get to 120M market cap, it would be trading at ~40 cents per share. Now with the addition of a second commensurate pharmacy, this should be at
~80 cents a share.
In order to get to a $3.00+ level per share (for example), we are talking about needing to grow to at least eight (8) pharmacies. Folks – This truly is a LONNNNG term, multi-year, multi-bagger hold opportunity. GLTA longs!!!

BTW -- If someone has a better share price target estimate, please provide it. Thank you in advance. I will of course keep accumulating as the months go by at these insanely low levels per share…

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