Where does a 6% industry CAGR and 29% growth in a free online membership to get a discount coupon point to 25-35% growth. And even if it hits the top range, the stocks still trading at 30 times the forward estimate.
Given the fact that growth in this company was originally manufactured by channel stuffing, I can’t see a one year turnaround to what they are suggesting and I won’t believe it until they see it. Fact remains this is a terrible play at $4 on a risk reward basis.
Anyway I will stop now because I do not want to get accused of downramping. I’m happy I exited this stock with a small loss - good luck to those who remain holders
BWX Price at posting:
$3.95 Sentiment: None Disclosure: Not Held
