Thursday, March 03, 2011 8:49:01 AM
Also we got some good news today!
http://ih.advfn.com/p.php?pid=nmona&article=46717099
He won't release numbers,but from the PR, he says that the product has done 25million in sales over the past 5 years. Granted that was the sister company based in California. I still think we can expect similar results. So let's break down the math! 25 million in revenues, over a five year period is 5 million in revenues a year. Being conservative, let's assume a 10% profit margin and a p/e ratio of 10. This is just a rough estimate! I get a share price of .043 off this service alone! Add in the other products, one of which is working it's way into major drugstore chains and there is obviously a reason to be very happy holding stock here!
I didn't sell out, I bought in!
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