Replies to post #95415 on Medical Marijuana Inc (MJNA)

[nopancakemix]

$1.28 Follow Up Post
I bought aapl at 28 and have held a core position for almost a decade. That company earned $42b in PROFIT last year on revenues of $200b. They also have $137b in CASH. AAPL stock is worth more than 150 on a cash basis alone. Ex cash, AAPL is roughly 300pps on $200b+ in revenues with zero debt. And they pay a dividend so basically AAPL basically trades near book value, making it extremely undervalued.

MJNA is projecting $47m in revenue for 2013. If they maintain the 60% profit margins that is over $25m in PROFIT. With little cash holdings and debt, MJNA is trading at about 5x 2013 projected revenue. That's pretty good for a company operating in a yet to be legal market.

I like the enthusiasm and I think $1.28 even $5 is very possible in the near future but I prefer real analysis opposed to wishful thinking. And of course, I enjoy humor like Reasonable stated his estimate was.
GLTA. I'm taking a vape and signing off for tonight