I mean, we both made assumptions, implied, explicit or carried over from other numbers. You say 'if' you apply the current PE ratio for the 2024 EPS, the EPS also being an assumed value. They're all assumptions. Anything forward looking is based on assumptions.
Math is just a tool to make predictions which is exactly what you are doing.
But anyway, no point arguing over semantics.
Will be interesting to see what products come out and how they sell. The masks are a good revenue stream, but I suspect only short term. My main concerns is the large drop in CBD sales which have historically made up over 80% of the companies revenue. Fortunately revenue from the masks has the potential to cover a drop in CBD sales while other revenue streams pick up. Particularly those from other Hemp Black products, hemp products being sold at Woolworths and topicals at CVS pharmacies.
Looking forward to seeing new numbers in 6 and 12 months.
It's been quite a tightly held stock. Will be interesting to see how the escrow release shakes things up.
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