What a great news release. Lets break it down.
1. We all new that Brian would become President. Can't think of another person better than Brian to lead SIRC as Dave maintains his CEO roll.
2. So in 13 calendar days they have booked more than 2 million in sales?
Wonder what stage of the sale do they book the income and can we expect Million Dollar weeks moving forward?
3. CFO candidate. Finally what got us into this hole is going to get us out. Next to Brian, the right CFO can make you or break your company. It will be nice to see a more structured and detailed quarterlies moving forward that was not written up by a 9th grade.
4. Not mentioned and assumed that a new accounting firm has been hired.
5. New PR firm has been hired. You can tell by reading this news release they there was a skilled hand behind it. Very professional and well crafted.
Other thoughts...
I am going to estimate that they will have a $35-$40 million year.
Hopefully they can lower their costs by leveraging their purchasing power on cost of goods. Find savings and leverage synergies that save operations costs, equipment, labor % of sale.
With that being said 13% EBIT should be possible at an est 150m share base give us $.03 eps at and P/E ratio of say min 8 or as high as 15 we could be in a share price range .24 to .45
I have seen other otc companies that show 10% profitable growth below 100M cap show a P/E of up to 40..
Very happy to be long here and will continue to add as I have been every week.
Cheers all
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