Wednesday, March 31, 2021 9:54:37 AM
What we know is that the product is great and the distribution network created is now quite impressive.
What we do not know is what financials of Q1 will be and how production did and will face demand.
Within few weeks we will have answers and be able to better project what can be expected for yearend.
For the moment we go on faith and considering current market cap (250,000,000) projected sales of $85,000,000 for the year, a conservative multiplier of 3 Bynd's is 20) would easily justify current market cap.
I believe that current pps will rapidly become history when we see Q1 results and even more when we get uplisted to TSX and Nasd.
I can easily see pps greater tha $6 by yearend.
What we do not know is what financials of Q1 will be and how production did and will face demand.
Within few weeks we will have answers and be able to better project what can be expected for yearend.
For the moment we go on faith and considering current market cap (250,000,000) projected sales of $85,000,000 for the year, a conservative multiplier of 3 Bynd's is 20) would easily justify current market cap.
I believe that current pps will rapidly become history when we see Q1 results and even more when we get uplisted to TSX and Nasd.
I can easily see pps greater tha $6 by yearend.
Patiently,
Roger
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