CNN 6.25% 15.0¢ cardia bioplastics limited

contract with breville, page-4

  1. 34,916 Posts.
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    Seq,

    Breville sells ALOT of juicers. CNN bags will be included as part of the sale package. Then there is the potential for re-orders. Plus it's just one product in a very comprehensive line so there is positive potential for expansion of the contract.

    Think of it this way. $250K earnings on $500K at a PE of 25 gives a value of $6.25mill. At .004c, this company's current marketcap is just over $7mill.

    I still can't personally fathom the low marketcap of this company considering the immense progress made in securing contracts over the last 12 months or so.
 
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