Avid Bioservices Inc (CDMO)

[corporalagarn]

Would love to see something like $35, but I don't see how it could possibly happen. In full expansion to current facilities the maximum annual revenue we could produce if we were 100% utilized is $200m. The upper end of the values for CDMOs is 7 X revenue. That's a market cap of $1.4b. That's a pps of $23. Again, that is at fully expansion, which we are not at, and full utilization of full expansion. I'm not sure we could get north of $25 and that could take a few years of things going very well.

Would love to hear somebody explain how we could do better than that. If any portion of the share price has anything to do with Bavi, please do not respond. I lived that fantasy once, no need to do it again. We are a CDMO and that is how we will sink or swim. Loved the cc from last week and have some realistic faith going forward. Somewhere around $7-8 seems reasonable now and if we can equal or beat estimates for the current year and continue to grow, maybe $12-15 next year.