Thoughts on shareprice with the FAA STC decision expected by end of Q2 (next 3 to 4 weeks)?
Even though this is just for one application, what are implications for SMN shareprice?
At current 40 cents shareprice the legacy SMN sensors side is valved at about 20 cents considering AEM is worth at least 20 cents on a PE of 10. (It is projected the AEM side can grow to 30 cents a share within 5 years on a PE of 10)
Formal approval of the wifi hatch STC by the FAA effectively validates the reliability of the SMN vacuum capillary sensors (with 15 years proven testing), and opens the gate for "dozens of applications" as mentioned by Dennis Roache.
Boeing has commented that it is interested in getting involved with more substantial aft bulkhead applications but wants to see the wifi STC approved by the FAA first.
My guess of immediate shareprice after a FAA STC approval of the wifi application is anything from 50 to 80 cents.
Any thoughts ?
Impending FAA decision on wifi hatch application on shareprice
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