It already is a massive market, but I agree it has unbelievably high growth yet to come which I why I am locked and loaded in CNN and have been for some time.
From the presentation I see that the global plastic packaging market was worth $200 billion in 2011. You can guarantee that that figure has increased significantly in the two years since as well.
Yet CNN are consistently trading at below half a cent with FY13 sales revenue of just $5,050,075. It's barely even a drop in the ocean compared to what it could be in the future. The potential is certainly there if management can get their you know what together.
With CNN being involved in carrier bags, packaging and waste management products in the markets of Australia, New Zealand, China, US, Canada, Brazil, Europe and Malaysia, there is much growth to come where this stock is concerned.
With the immediate focus on short-term revenue opportunities it will be interesting to see how CNN perform over the next 12 months.
Hopefully, as others have already pointed it, management's new focus will turn the fortunes of CNN around and drive it into break-even status in the short-term before driving it into profitability over the medium and long-term.
Despite it all one thing's for sure. I won't be going anywhere. There's just too much potential with this stock going forward not to be involved in it IMO.
Add to My Watchlist
What is My Watchlist?