Re: Doesn't Add Up
in response to
by
posted on
Dec 10, 2020 01:59PM
This time I'm really sorry, but I agree with you Rick. The forecast seems feeble in my estimation considering what we have been told of the tech. I'm not sure why there is so much hesitance to give decent revenue guidance at this point, and I would think this is one major reason why we sit with a stock price that seems stagnant. Could be there is just too much competition coming to give justification to more market penetration.
However, I did some comparison to another smaller tech firm that was a stakeholder in (yes, they just moved to the TSX this year). They certainly have far less shares outstanding, but when I did a rough comparison with their current revenues and sp, it tells me that the slim forecast Poet has for a few years down the road - I think it still represents a little more than $8/share at current share levels. While I would always appreciate more, I would not be sorry at that level.
And I do think we can see a decent appreciation in our sp well before we see that revenue.