I agree with you. By my calculations, "fair value" is between 0.30 - 0.40 based on current numbers. That being said, I believe these numbers could change very quickly, and this is a great time to pick up more shares for those with a longer investment horizon. Short term is anyones game.
I think this should be trading at 25-30x which based on current EPS we are right there
We aren't there. You need to annualize the EPS we do have. So have to assume .03-.036 (Assuming no growth in Q4 and Q1 2021).
That puts us around 10x currently. Plus, don't forget what is going on currently:
In the article yesterday: Dollar sales displayed industry leading growth of 2333.9% during the previous 4-week period. BidiTM Stick continues to expand and currently has an absolute dollar market share of 11.2% over the last 12-week period.
Plus, the current price doesn't take into account the new product the company is coming out with. What kind of revenue can we expect there? As much as bidi did it's first few months?
new product: the nicotine-pouch sector is projected to grow to $3.35 billion by 2025, up from $637.8 million in 2019, according to Market Study Report, LLC. The category has continued to explode recently, with New York-based Nielsen reporting an increase in unit sales of 498% in U.S. convenience stores over the 24 weeks ending May 30, 2020.
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