Golden, he is indeed a bit crude by way he is going about explaining the issue. The point he is trying to make is that BUB is not profitable, infacr, as per the company accounts the losses are increasing. BUB itself is doing a great job in promotion and marketing , the problem I have is the market penetration of the product. There are more than 200 companies supplying GOAT IF to China , all have subdued results. Only when China moves to using GOAT IF as a larger share and substitute this for COW AND BUB can win a large share from the already established European suppliers, then BUB can become profitable. Currently sales are increasing due to acquisitions not due to the increase in IF sales. Therefore I believe the market will grow impatient waiting for profits to come and the SP will fall as the current MC can’t be maintained IMO
BUB Price at posting:
77.5¢ Sentiment: Sell Disclosure: Not Held
(20min delay)