What valuation are you applying to assume "crazy good value"? Off $25.1m in sales the company is still trading at over 15x psr. This is high especially when factoring in expected gross profits of under $5m. Don't get me wrong, I like what PET are doing and the sector is an exciting space to play in but when they can't meet a guidance that they provided in December it doesn't give investors on the outside good faith.
Ann: Business Update, page-22
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