Just some quick math tidbits.
"Nearly 30 funeral homes in this region have requested contact with an EI distributor, and our agreement with Ohio Vault Company paves the way for these businesses to obtain an ongoing supply of our products," said Clint Mytych, president, Eternal Image.
If each of these 30 funeral homes in the Ohio/Western PA areas sell just 1 single $600 Vatican Library urn per month. (very conservative estimate, these urns are breathtakingly beautiful and will be in extremely high demand).
$18,000 high profit margin revenue per month
$216,000 high profit margin revenue per year
What does that one little area cover? About 1% of the United States? And we're not even talking about the $3000+ caskets yet which have even greater profit margins than the urns.
1 Casket per Funeral home in Ohio/W.PA per month?
$90,000 extremely high profit margin revenue per month
$1,080,000 extremely high profit margin revenue per month
The fundamentals of this company is just mind boggling. I'm sticking to my revenue estimates of $7m-$8m for this year.. But I would not be surprised if it exceeded $10m. And the longshot potential is actually there for demand to exceed even our wildest imaginations and hit $15m-$20m.
You see why I'm not concerned with short-term fluctuations with this stock? :-)
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