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Tuesday, April 07, 2020 9:23:44 PM
If they do $25 million in 2020 sales, run a 80% COS margin (78% in 2019), their gross profit will be approximately $5 million. OpEx costs averaged about $600K the past two years. Even if the costs triple in 2020 their gain from operations could be about $3.2 million.
With 35m OS that’s about $0.09 a share in earnings. Give it a 10 a low PE and you have $0.90 PPS. Even if they doubled the share count by then it’s a $0.45 stock.
This is a solid investment at this level. Companies business is booming. I don’t think I will get talked out of my shares anywhere near this level. Follow the 75%+ buy volume the last 2 days. This float seems to be locked..
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