Im no expert but back of the envelope:
US target market $2 billion still years down the line and uncertain
Assume generous net margin of 25%
Thats earnings of $500 million - many years later, if they win 100% market share which seems optimistic
But if you discount those cash flows 5 or so years it doesnt justify the current mcap.
A real concern is how long for competitors to enter the market? It is after all only (highly) refined fish oil.
This post is not a recommendation to buy or sell any security or derivative. Stocks are not suitable for all investors. Please do your own research.
Submitted September 27, 2018 at 02:08AM by InterestingNews1 https://ift.tt/2NNo3Ek
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