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Re: lakes post# 5634

Monday, 09/20/2010 3:06:16 PM

Monday, September 20, 2010 3:06:16 PM

Post# of 97079
lakes, You may have been off on your Genstrip price estimate...

...but you draw no fire for that here. And you're forgiven. LOL!

Assumeing it is a good product, Genstrip is to be sold into a market of 30+ million customers, and growing. Of course, not all who suffer will buy this product, but the repeat sales should be incredible.

And surely the 840K pre-order number is going to grow. The stats posted on the web site are probably already stale data. Hopefully, they will update it this week.

I like your estimates: "$30M in revenues... 5% margin... $1.5M to the bottom line. Makes perfect sense to me. But I would really like to see Instacare book some of this in 2010 so that they will exceed their 2009 yearly earnings. According to the filings I think they only need to earn about $700K to break their previous record. And they may have done that already.

That would result in TWO YEARS of consecutive quarters of increasing revenue. And no end in sight. When will the financial industry wake up to the potential here?

Lakes, glad you're on board here. Good Luck.

VV