Thursday, March 07, 2019 2:09:29 PM
Call the company and ask them how many devices they have shipped to B.Braun 100, 500, 1000, 10,000 in eight months? The numbers:
Let's assume B.B. has 10% of the market, 10% X 160K = 16,000. 16,000 X .667 (8 months)=10,720 surgeries X 6= 64,320 units. At a cost of $7/each, this becomes $450,240. How long do you think it will be before you see these sales? A long time, because they didn't happen.
BIEL HAS SEEN SALES DECREASE BY 75%, MARKET CAP DECREASE BY 80% +. They have had approval for the knee and foot for TWO YEARS and NO SALES. If you believe in the product, the only reason for this failure to deliver to market after more than two years execution by MGMT. It really is that simple. After two years, do you really believe they will begin executing now? Until MGMT. changes, your best hope for company survival is through dilution of shares. Only invest what you can afford to lose.
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